None of this pullback includes growth worries
None of this pullback includes growth worries: Tom Essaye Quoted in MarketWatch
Stock-market drop offers reminder that rate cuts can alarm investors too
So far, “none of this pullback includes growth worries, and that’s what we have to watch for to make this go from a pullback to something worse. I am still concerned about growth (and Dudley’s comments only make me more nervous) but the data over the past week has been ‘OK,” said Tom Essaye, founder of Sevens Report Research, in a note. “That said, we still need to watch growth very closely…”
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