Wall Street's biggest bull says Iran jitters are overdone, the record market rally is intact

The key to Stoltzfus' bullish forecast is meaningful progress on the U.S.-China trade war front.

"We'll gradually get back to where we were before the trade war began in March of 2018 at some point as things continue to get better," said Stoltzfus. "We get some inkThat's when he expects a turning point in U.S. manufacturing data.

"We think that 3,500 is likely to be exceeded this year, but not overnight," Stoltzfus said. "The market will begin focusing on what it focuses on: The economy and the impact potential on revenue."

TradingNation From the perspective of a Chief Investment Strategist on Wall Street, Iran jitters may be overdone. However, Iran has the 8th largest military in the world. The US has 65,000 troops in the Middle East. Iran has home field advantage. US military families may not be as confident.

TradingNation

TradingNation Sounds like this dude drinking way too much kool aid.

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Fonte: CNBC - 🏆 12. / 72 Leggi di più »