Tom Essaye Quoted in Yahoo Finance on April 19th, 2023
Why a smattering of notable cyclical stocks are hitting 52-week highs
Sevens Report Research Founder Tom Essaye agrees with the Fed pause narrative fueling stocks but thinks there are also other elements in play. “Market pros expect stocks to drop,” Essaye says. “That means the ‘pain trade’ is higher in the short term, as under allocated advisors and investors begrudgingly chase stocks.” Click here to read the full article.