We can hope for is a churn sideways
We can hope for is a churn sideways: Sevens Report Editor, Tom Essaye, Quoted in Barron’s
Trump Wants an Economic ‘Detox.’ What It Means for Stocks.
According to Sevens Report’s Tom Essaye, “until there’s some movement towards stable policy, the best we can hope for is a churn sideways between around 5,700 and 6,000 in the S&P 500.” The index broke below 5650 in morning trading Monday.
Sevens Reports’ Essaye notes that concern about tariffs so far has been worse than their effects. While it makes sense to brace for volatility, “that negative scenario is not a foregone conclusion and actual facts on the economy and earnings [are] hanging on.” he says.
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