Bullish Market Momentum
Bullish Market Momentum: Tom Essaye Quoted in Barron’s
Stocks Look to Close Out Another Week of Gains
“If the Fed speakers stick to the same narrative (less hawkish) expect more of the same sideways, digestive trading in equities today with the threat of a continued move higher based on bullish market momentum,” Tom Essaye writes.
Sevens Report Research’s Tom Essaye adds that a handful of Federal Reserve officials will speak on Friday.
Stocks were little changed Friday, but poised to close out another week of gains.
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