Mark Luschini, chief investment strategist at Janney Montgomery Scott, has indicated that the U.S. stock market correction, ongoing since late October, is not yet complete. Despite the market entering an oversold condition, which could lead to a technical rebound, Luschini notes that the extent of this rebound or the necessity for a further pullback will hinge on forthcoming economic data. This data is expected to shape expectations regarding potential Federal Reserve rate cuts.