Yves Lamoureux, president of market research firm Lamoureux & Co., recently advised investors to raise cash in November. However, he now believes that a path to the Dow Jones Industrial Average’s 50,000 mark and $200 oil is possible.
Lamoureux notes that calm trading on Monday following two brutal sessions offers hope for a potential market rally. He has issued a bullish call, suggesting that investors should look into specific assets.
Although the exact driver behind this predicted rally is unclear, Lamoureux’s confidence in the situation suggests that he believes a strong upward trend is on the horizon.
Source: https://www.marketwatch.com/story/this-strategist-told-investors-to-raise-cash-in-november-now-he-sees-a-path-to-dow-50-000-and-200-oil-de7450db