Recent market sell-off is an 'early Christmas gift,' says Wall Street bull Jeff Saut

Historically, December has been the strongest trading month of the year, but last year thesank more than 9% during the final month. But the market has pieced together a 2019 rally, with the S&P up around 24% year to date. The Dow is up almost 20%.

Saut said he believes the sell-off may continue into the middle of the week, but that does not shift his overall attitude toward the market. Despite the weak manufacturing reading, Saut said he thinks better-than-expected retail sales can propel the market higher in December.

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As it was last year

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Source: ABC - 🏆 471. / 51 Read more »