The fourth quarter won't be anything like 2018, market bull Chris Harvey suggests

gave back their entire gains from the third quarter, Wells Fargo Securities' Christopher Harvey isn't toning down his upbeat forecast on stocks."People are trading scared. They are all worried about [the] fourth quarter," the firm's head of equity strategy told CNBC's "" on Tuesday. "They say, 'I can't have fourth quarter '18 happen to me once again.' And so people are saying, 'Let me shoot first, and ask questions later.

"We think that we've peaked on trade and tariff fears," said Harvey. "There's enough pressure on both sides where they need to make some progress. ... [President] Trump has to be thinking about his election." Not only does Harvey list trade emerging as a positive catalyst for stocks, he sees an easy Federal Reserve as a bullish driver. Last year at this time, the Fed was hiking interest rates.Harvey's S&P 500 year-end price target is 3,088, a 5% gain from Tuesday's close, and it's 2% away from the index's all-time high hit on July 26.

"Credit spreads have been very tight. Issuance has been very strong," Harvey said. "The [jobless] claims numbers [are] still very well behaved. These are things you don't see before a recession."

TradingNation People trading scared? In this volatile atmosphere, can anyone blame traders with half a brain?

TradingNation Do You Want To Create 10 Amazing Animated Logo Intro Video In $5? Visit My Portfolio: Please Contact Me: NZLvCAN にじさんじMF FeelSpecial1stWin 有吉の壁 ギルガメッシュ FelizMiercoles logointro video YouTube Fiverr RT

TradingNation Okurrrr

TradingNation Could be worse

TradingNation It's October, nothing new here.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street market strategists see solid fourth quarter despite impeachment inquiry, trade warThe stock market should have a solid fourth quarter, even with turbulence that could come from the impeachment inquiry and trade tensions. Because Trump will not be impeached no matter how hard democrats try to destroy our economy to do it. Really? This is how China is developing The USA is been left so far behind is pathetic. All is due to the fact we have a moron as president Almost like they’re blindly loyal to market going up as long as any gop (even orange baboon) occupies white house
Source: CNBC - 🏆 12. / 72 Read more »

Weak oil prices hit Exxon's third-quarter earnings: filingExxon Mobil Corp's operating profits fell last quarter for the fourth conse... Weak oil prices my ass. We as a nation are now the biggest oil producer in the world. Fracking is crude and not cost effective at all, yet by God were keeping gas prices low, oh wait. Big oil company says it's short on income even though it is helping to keep prices lower.🤑 Good news then👍🏼Hopefully this is a stroll towards chapter 11 a few years from now. good thing y'all are subsidized
Source: Reuters - 🏆 2. / 97 Read more »

Big name IPOs in third quarter brighten gloom for equity market fundraisingA couple of hefty share listings in Europe and the return of AB InBev's Asi...
Source: Reuters - 🏆 2. / 97 Read more »