Tom Essaye Quoted in MarketWatch on January 9th, 2023
Traders made money ‘selling the rip’ in stocks last year. Why it might work again in 2023.
“A sustained break above the 200-day moving average would imply that investors are becoming fundamentally more optimistic about the market. That would require real progress toward the Fed actually stopping its rate-hike campaign. Or progress toward the economy actually achieving a soft landing. Or progress toward inflation falling somewhere that is reasonably more acceptable to the Fed,” said Tom Essaye, founder of the Sevens Report. Click here to read the full article.
