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.
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The post Capital Advisors CEO Says July ‘Power Rally’ Incoming For Stocks – Here’s Why appeared first on The Daily Hodl.
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
The post Capital Advisors CEO Says July ‘Power Rally’ Incoming For Stocks – Here’s Why appeared first on The Daily Hodl. Trading, fed, market, News, stocks