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Stocks on verge of rallying to ‘substantial new highs,’ market bull Jeff Saut predicts
Saut, who has been using a group of special indicators for almost a half century, believes there’s little chance stocks will retreat from the record highs. He cites fewer disappointing first-quarter earnings results as a near-term bullish driver.
“They’re going to continue to come in better than expected,” said Saut. “Analysts ratcheted down their earnings expectations way too low. And, now you can see that they’re reversing that to the upside.”
Saut expects the S&P 500 to exceed 3,000 by year’s end, a gain of at least 4% from current levels.
https://www.cnbc.com/2019/04/18/sto...-to-substantial-new-highs-jeff-saut-says.html
Stocks on verge of rallying to ‘substantial new highs,’ market bull Jeff Saut predicts
Saut, who has been using a group of special indicators for almost a half century, believes there’s little chance stocks will retreat from the record highs. He cites fewer disappointing first-quarter earnings results as a near-term bullish driver.
“They’re going to continue to come in better than expected,” said Saut. “Analysts ratcheted down their earnings expectations way too low. And, now you can see that they’re reversing that to the upside.”
Saut expects the S&P 500 to exceed 3,000 by year’s end, a gain of at least 4% from current levels.
https://www.cnbc.com/2019/04/18/sto...-to-substantial-new-highs-jeff-saut-says.html


