Markets Have Priced In The Dovish Pivot
Markets Have Priced In The Dovish Pivot: Tom Essaye Quoted on BNN Bloomberg
S&P 500 rally flashes signs of fatigue near record
“Markets have priced in the dovish pivot and stocks never discount the same news twice,” said Tom Essaye, a former Merrill Lynch trader who founded The Sevens Report newsletter. “As we start 2024, markets will need to see new, positive catalysts to send the S&P 500 to new all-time highs.”
Also, click here to view the full BNN Bloomberg article published on December 26th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.
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