The stock market has runway to continue its rally until April - and then investors should expect to feel the pain of weak corporate earnings, veteran strategist says
The stock market has enough runway to continue its impressive rally until April, at which point investors should be ready to feel the pain of weak corporate earnings, Virtus' Joe Terranova said this week.
That's because Jerome Powell hasn't pushed back against the market's bullishness ,Terranova said, pointing to the Fed Chair's speech at the Economic Club of Washington earlier this week, where the top central bankerThat's a change from Powell's more hawkish rhetoric in previous Fed meetings, when he repeatedly warned markets that the central bank still had more work to do in lowering inflation, with hisBut markets believe they have the end of the Fed's rate hike...
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