By summer end, Mr. Market could be back to taking souls. But a few more weeks, one top Wall Street strategist argues, conditions are in place for July’s rally to be extended, “We had expected ‘face-ripping’ rallies followed by ‘soul-crushing’ sell-offs,” Wells Fargo Head of Equity Strategy Chris Harvey wrote in a recent note to clients. “Those sell-offs may be delayed until late summer. With the 10-year U.S. Treasury now an unexpected 2.81% (we hear of massive short covering), and 1- year… Source link
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