Market bull who predicted tech’s rebound believes Wall Street may avoid a summer setback

CNBC2021-06-24

He predicted tech's recent comeback, and now Oppenheimer Asset Management's John Stoltzfus believes Wall Street can avoid an unnerving summer setback. He attributes tech's latest outperformanceas a ...

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Jamessgg
2021-06-24
Jamessgg
Who needs letter
Xiuxiuw
2021-06-24
Xiuxiuw
Great!
安猪开灯
2021-06-24
安猪开灯
Cool
Aloysius9999
2021-06-24
Aloysius9999
Hi
- Aloysius9999:
  Hello
TeslaLegend
2021-06-24
TeslaLegend
Please like and comment. Thanks!
- 我来啦你不要跑:
  Please help back thanka
Rocket2Mars
2021-06-24
Rocket2Mars
Yup
- TeslaLegend:
  Nice
- pp516:
  good

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On Wednesday, theNasdaq, which is up almost 11% so far this year, closed at an all-time high of 14,271.73. However, the broaderS&P 500andDowsnapped a two-day winning streak.\nThe latest activity comes amid a backdrop of recent correction calls.\nFromInvescotoCFRA ResearchandMoody's Analytics, there's concern that a 10% or more pullback could shake the Street this summer. Inflation fallout, Federal Reserve taper talk and Covid-19 variants are all risks noted in pullback warnings.\nStoltzfus said negative headlines tied to those risks could create summer volatility, but the impact shouldn't be too deep.\n\"There's always a chance ... the market will have enough catalysts so that bears and short-term traders will be able to take some profits without FOMO,\" said the market bull.\nIt's not the first time Stoltzfus maintained his bullishness. In early March, as tech stocks were selling off,he told \"Trading Nation\"it was a major buying opportunity. The Nasdaq is up 7% since that interview.\nZooming out to the broader market, Stoltzfus acknowledges his S&P 500 year-end forecast of 4,300 may now be too low. The S&P 500 closed at 4,241.84 on Wednesday. His benchmark was considered one of the highest on the Street when he put it out in late December.\n\"The market has certainly performed very well thus far. We think it's got further to go,\" he said. \"But our discipline says we don't raise our target until the average that we're working with, in this case the S&P 500 index, closes above our target.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":128283531,"gmtCreate":1624518520023,"gmtModify":1631890695690,"author":{"id":"3559905584081293","authorId":"3559905584081293","name":"Jamessgg","avatar":"https://static.tigerbbs.com/0eb31e78e0a989705e0ae83fb1395b2b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3559905584081293","authorIdStr":"3559905584081293"},"htmlText":"Who needs letter","listText":"Who needs letter","text":"Who needs letter","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128283531","repostId":1197939027,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128295500,"gmtCreate":1624517306600,"gmtModify":1634004956698,"author":{"id":"3581419141610908","authorId":"3581419141610908","name":"Xiuxiuw","avatar":"https://static.tigerbbs.com/04aa4583a79cdf1ad7302794b2dd3f95","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581419141610908","authorIdStr":"3581419141610908"},"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128295500","repostId":1197939027,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128662536,"gmtCreate":1624514177525,"gmtModify":1634004988236,"author":{"id":"4087562781341500","authorId":"4087562781341500","name":"安猪开灯","avatar":"https://static.tigerbbs.com/11d4309417444e36f3abb1279004cf77","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087562781341500","authorIdStr":"4087562781341500"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128662536","repostId":1197939027,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128669813,"gmtCreate":1624513994332,"gmtModify":1634004990753,"author":{"id":"3581635727731262","authorId":"3581635727731262","name":"Aloysius9999","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581635727731262","authorIdStr":"3581635727731262"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/128669813","repostId":1197939027,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4990757,"gmtCreate":1624514000369,"gmtModify":1635248745342,"authorId":3581635727731262,"author":{"id":3581635727731262,"idStr":"3581635727731262","authorId":3581635727731262,"name":"Aloysius9999","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128669813,"type":1,"supId":0,"prevId":0,"content":"Hello","text":"Hello","html":"Hello"}],"langContent":"EN"},{"id":128687584,"gmtCreate":1624513904248,"gmtModify":1634004991917,"author":{"id":"3572489627147183","authorId":"3572489627147183","name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3572489627147183","authorIdStr":"3572489627147183"},"htmlText":"Please like and comment. Thanks!","listText":"Please like and comment. Thanks!","text":"Please like and comment. Thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/128687584","repostId":1197939027,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4991196,"gmtCreate":1624516148290,"gmtModify":1635248713843,"authorId":3546953115990917,"author":{"id":3546953115990917,"idStr":"3546953115990917","authorId":3546953115990917,"name":"我来啦你不要跑","avatar":"https://static.tigerbbs.com/5bd412726b1348c9275f5dcd38fff8a8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128687584,"type":1,"supId":0,"prevId":0,"content":"Please help back <u>thanka</u>","text":"Please help back <u>thanka</u>","html":"Please help back <u>thanka</u>"}],"langContent":"EN"},{"id":128686849,"gmtCreate":1624513717781,"gmtModify":1631888990684,"author":{"id":"3578399462882565","authorId":"3578399462882565","name":"Rocket2Mars","avatar":"https://static.tigerbbs.com/a98299f891ae0ae35c465cedc8c17d36","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3578399462882565","authorIdStr":"3578399462882565"},"htmlText":"Yup","listText":"Yup","text":"Yup","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/128686849","repostId":1197939027,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4990732,"gmtCreate":1624513913490,"gmtModify":1631888990692,"authorId":3572489627147183,"author":{"id":3572489627147183,"idStr":"3572489627147183","authorId":3572489627147183,"name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128686849,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"},{"id":4990694,"gmtCreate":1624513733371,"gmtModify":1631888990681,"authorId":3580349954900027,"author":{"id":3580349954900027,"idStr":"3580349954900027","authorId":3580349954900027,"name":"pp516","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128686849,"type":1,"supId":0,"prevId":0,"content":"good","text":"good","html":"good"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":61,"commentSize":38,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1197939027"}