This market is not exhausted by any stretch of the imagination
This market is not exhausted by any stretch of the imagination: Tom Essaye Quoted in The Wall Street Journal
The Stock-Market Rally Is Moving Beyond Big Tech and Investors Are Thrilled
“As long as things can stay stable, then this market is not exhausted by any stretch of the imagination,” said Tom Essaye, founder of the Sevens Report, a market analysis firm.
Market breadth has improved as investors who missed out on tech stocks’ historic rebound search for new opportunities in different industries, Essaye said. He called it the “FOMO trade,” referencing the acronym for “fear of missing out.”
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