It’s time to take profits, says strategist with top S&P 500 target for next year

A nine-day winning streak for stocks came to a grinding halt on Wednesday, just ahead of a holiday break.

And why?

Some say the bulls had been running too hard and too fast, in the wake of the Fed’s pivot, as a market/central bank battle looms over just how many interest rates cuts are coming next year. In any case, the mood looks a bit better…