Veteran Wall Street strategist reveals stocks likely to rally next
The long-time analyst thinks a select group of stocks may drive the stock market's next move.
The stock market has produced big returns since April 9, when President Trump reversed course and paused many reciprocal tariffs beforehand launched on April 2.
The tariff time-out allowed investors to revisit forecasts for the US economy and corporate earnings and earnings, which had mostly been diminished since February, when the main tariffs were enacted against Mexico and Canada.
The possible of trade negotiations to diminish the impact of tariffs on businesses, limiting the impact on inflation and earnings growth, fueled optimism that has driven the S&P 500 and Nasdaq Composite up 25% and 34%, respectively.
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