Fundamentals are positive, they still don’t justify current valuations
The market is vulnerable to a negative surprise: Tom Essaye Quoted in SwissInfo.ch
Stocks Struggle Near Record Before Inflation Data: Markets Wrap
The current set-up reflects the drivers that have powered stocks higher this year: solid growth, prospects for Fed rate cuts and artificial-intelligence enthusiasm, according to Tom Essaye, founder of the Sevens Report. “While the fundamentals are positive, they still don’t justify current valuations — making the market vulnerable to a negative surprise.”
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