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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Technology stocks lead US markets lower in early tradingStocks fell in early trading Monday on Wall Street as trade tensions flared with China’s diplomatic retaliation for U.S. support of protesters in Hong Kong -232 isn't exactly news worthy. After Thanksgiving weekend and on a Monday? These people know how much money we consumers just spent the past 4 days? 🙄
Fonte: ABC - 🏆 471. / 51 Consulte Mais informação »