Is the latest move higher in stocks, coming amid Greek uncertainty and a likely 2015 Fed rate hike, a false positive in an overall downtrend? Or is fighting through such strong headwinds a sign of real strength in the market? Raymond James Chief Investment Strategist Jeffrey Saut, who made the call along with Paul Tudor Jones on the 1987 stock market crash, thinks he has the answer and comes down on both sides of the issue. Market internals don’t support argument for a move to new stock market highs, says a Raymond James analyst Like most skilled economists, Saut knows…
- Market internals don't support argument for a move to new stock market highs, says a Raymond James analyst
- If stock investors find value at last weeks highs, they could persistently move to 2160, Saut optimistically projects
- While Wednesday's stock internals were weak, the move higher against significant headwinds was impressive
- Paul Tudor Jones quote appropriate at this moment in history