Today news
About the same in other media
Tuesday's market bounce could lead to a record 2022, Oppenheimer's top strategist says
Reading now: 239
cnbc.comA top strategist suggests the market is settling down.
Despite Covid-19 omicron risks, Oppenheimer Asset Management's John Stoltzfus suggests Tuesday's market bounce is real.
«We believe in it. We think investors should as well,» the firm's chief investment strategist told CNBC's "Trading Nation." «The selling that we've seen over the last few days was overdone.»
According to Stoltzfus, the month's negative headlines surrounding the omicron variant and the Federal Reserve's tightening plans flushed out investors with weak hands.
«Hopefully, next year the Covid-19 and its nasty variants move into the rear-view mirror,» he said. «We also expect to see the Federal Reserve successfully manage the process of tapering.»
The S&P 500 closed up 1.8%
Read more on cnbc.comAbout this in other media
Why Goldman says bitcoin could hit $100k and take market share from gold fnlondon.com /2 years ago
Why Goldman thinks bitcoin could hit $100k and take market share from gold fnlondon.com /2 years ago
Market Sentiment Improves as Bitcoin & Ethereum Moves Further into Positive Zone cryptonews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
