“The market is bullish, but not yet ready to sell,” says Michael Pachter, founder and chief investment officer of Pachters investment advisory firm.
“They’re still a long way from a full-blown sell-off.”
Pachtery is betting on the economy and the political system in the U.S. to bring back the economy.
He thinks President Donald Trump’s economic recovery will be strong enough to turn around the economy, but that it will be slow enough that the recovery will remain a work in progress.
“I think the U-turn will take longer than people think,” he says.
“People are going to continue to be shocked and surprised, but I think we’ll get there.”
What to Know The S&P 500 stock index is up more than 3% in 2018, its biggest percentage gain since 2007.
The Dow Jones industrial average is up 7.4%.
The Nasdaq is up 6.3%.
The tech sector has seen its best year since the Great Recession.
The U.K. economy is expanding and the U,S.
are both on track to see their weakest.
How the economy will turn out is unclear.
How much of a return will it see?
Will the economic slowdown continue, and will the economy recover faster?
Will there be another financial crisis in the coming years?
What are the risks to the U;s economy?
Can Trump, who has not said whether he will run for reelection, continue to run a solid economy?