Bullish Jeffrey Saut Sees Stock Market Transitioning
This morning Raymond James strategist Jeffrey Saut told CNBC viewers the stock market was transitioning to an earnings driven market. Saut sees an improving earnings picture in the final two quarters of the year.
Stating investors are woefully underinvested, Saut said the 7 year-old secular bull market can continue higher since they tend to last 14-15 years.
In the video below, Saut says his short-term model is conflicted and he outlines the possibilities.
Back in December, Saut was looking for a big year-end rally [link].