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Eddie Ghabour Sees Fed Roadblocks Ahead, "Healthy" SPX Equal Weight Rally

Eddie Ghabour Sees Fed Roadblocks Ahead, "Healthy" SPX Equal Weight Rally

Published 2 days ago
Description

Eddie Ghabour is surprised the 10-year yield has not moved much and believes the Fed still has a long road ahead even though CPI shows inflation moving in the right direction. He expects Fed Chair Kevin Warsh to signal tightening at Jackson Hole at the end of August. In equities, Eddie points to a steady rise in the S&P 500 Equal Weight as a clear sign the market environment remains healthy. His stock picks include Eli Lilly (LLY) and Unity Software (U).


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