Trump Bull Market Rally Has Room for a 10% Move
The Trump Bull is Running…
Some very savvy professional participants have seen The Trump Rally raging since his election and believe it has enough energy to drive as much as 10% higher despite pauses to refresh along the path to more record highs.
“In the short term, there’s going to be those bumps that could cause either Janet Yellen or the economy to pause and when we hit those, I don’t think we see 10% corrections. But I do think that we can go up another 7-10% this year so again with an 8 or 9 month time frame,” analyst Jon Najarian said in a TV interview Wednesday.
“I’d say more upside than downside,” he predicted.
“I think the economy is gaining some strength. I think the regulation rollback and the likelihood that we’re going to see taxes decreased as well for individuals and corporates,” said Mr. Najarian, who with his brother Pete are the co-Founders of OptionMonster.com.
“I think that money is looking for homes in various assets although some of those assets are getting kind of inflated right now so I’m focused on the ones that have not moved as much,” he said.
|HeffX-Analysis for SPY:||Overall||Short||Intermediate||Long|
|Bullish (0.44)||Bullish (0.29)||Very Bullish (0.50)||Very Bullish (0.54)|