Iran jitters are overdone, top market bull John Stoltzfus says (via TradingNation)
The key to Stoltzfus' bullish forecast is meaningful progress on the U.S.-China trade war front.
"We'll gradually get back to where we were before the trade war began in March of 2018 at some point as things continue to get better," said Stoltzfus. "We get some inkThat's when he expects a turning point in U.S. manufacturing data.
"We think that 3,500 is likely to be exceeded this year, but not overnight," Stoltzfus said. "The market will begin focusing on what it focuses on: The economy and the impact potential on revenue."
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