Capital Advisors CEO Says July ‘Power Rally’ Incoming For Stocks – Here’s Why – Crypto News – Crypto News
Connect with us
Coinbase CEO Brian Armstrong Details ‘Huge’ Prediction on Nascent Crypto Sector – Here’s His Outlook Coinbase CEO Brian Armstrong Details ‘Huge’ Prediction on Nascent Crypto Sector – Here’s His Outlook

others

Capital Advisors CEO Says July ‘Power Rally’ Incoming For Stocks – Here’s Why – Crypto News

Published

4 days ago

on

Jay Hatfield, CEO of Infrastructure Capital Advisors, says a “power rally” is coming for stocks in July, driven by falling oil prices and softening inflation data.

Hatfield tells Fox Business he expects crude oil, which he says is headed toward $60 after dropping below $70, to help produce negative month-over-month CPI prints in July and August.

He thinks those readings should get Federal Reserve rate cuts priced into markets.

“We think we’re about to get into the real Goldilocks of the year because we’ve been bullish about oil going below 70, which most people thought was wrong. We think we’re gonna get to 60.

We think we’re going to have a negative print on CPI both in July and August for the prior months, and that’s going to start to get Fed rate cuts priced in.”

Hatfield says that broad-based summer earnings reports and not just results from chip companies typically make July strong for stocks.

He also believes the market’s resilience during June’s sector rotation supports his 9,000 target for the S&P 500.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Surf The Daily Hodl Mix

&nbsp

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 assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Related Topics:
Continue Reading

Trending