David Hunter, the chief macro strategist at Contrarian Macro Advisors, thinks the stock market could be on the verge of a “historic” rally.
In a new interview with journalist David Lin, Hunter outlines the catalysts he thinks will drive a jump in equities prices.
“Part of the melt-up will be lower rates. I think we will get back to recognizing that inflation is trending down and moving towards that 2% target, so that will be received bullishly. I think you will see earnings look like they’re turning up, so you’re going to see increased earning expectations over the course of the next six months and estimates for next year starting to be hiked.”
The macroeconomic expert also thinks a market reversal will force the entry of investors who have been waiting on the sidelines hoping for a more significant dip in stock prices.
“So you’ll get FOMO (fear of missing out) kicking in. There’s a lot of skepticism out there: people didn’t believe the market when it moved from 3,500 to 4,600, then when it went back to 4,100 last October, they didn’t jump on there. They only jumped on and began to jump on when it got to new highs.”
The S&P 500 Index is trading at 5,180.74 at time of writing, according to MarketWatch.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
