Eddie Ghabour Warns of Summer Market Correction, Small Caps at Risk

• Expects a 'buyable correction' this summer if the 10-year Treasury bond yield rises towards 4.7-4.75% due to an overheating economy and sustained high oil prices.
• Identifies small caps and 'frothy' semiconductor names as most vulnerable to a correction, but sees opportunities to 'gross up' positions in these areas.
• Recommends software stocks as 'finally a buy,' noting they have already experienced a bear market and have significant catch-up potential.
• Anticipates the Fed will not cut rates at the upcoming meeting, and their outlook will be a key driver of market volatility.

Eddie Ghabour warns of a potential summer market correction, anticipating increased volatility due to an overheating economy and rising 10-year Treasury yields. He views any dip as a 'buyable correction' and remains bullish on the market's year-end performance, recommending software, semiconductors, and small caps for long-term investors.