We’re Seeing a Healthy Pause Now, Higher Markets Later This Year

Jon Economy, Market Commentary

Recently, markets have been taking a breather. Are they signaling a temporary stall or something more worrisome? And what comes next?
This time on Financial Sense, we spoke with Tom McClellan, editor of McClellan Financial Publications about his take on current conditions and his expectation for a move higher in the second half of 2017.
Market Fears Aren’t Warranted
Right now, we’re experiencing what McClellan referred to as a healthy pause, which he expected. We’ll see a big rally into May, a swoon right after that into June, and the mother of all uptrends into the end of 2017 and perhaps beyond, he noted.
We shouldn’t listen to the bearish voices and overvaluation scenarios we’ll hear before the second half of the year, McClellan added.
‘The last half of 2017 is going to be a really exciting time for the bulls,’ he said. ‘We’re still wading through choppy waters right now before we get to that big rush. Then it’s going to be time to invest and hold on for all it’s worth.’

This post was published at FinancialSense on 04/24/2017.