Even with stocks near record highs, there are clear signs the market still has room to run. Peter Tuchman, Senior Broker, TradeMas, joined TheStreet to discuss.
Transcript:
CAROLINE WOODS: So what do you say to those investors who are disappointed that they didn’t get in at the April lows and are looking at the market near all time highs now saying I should have, could have, would have?
PETER TUCHMAN: So look, I think one of the reasons that we are at this level that we’re at is that a lot of people got either caught off guard or a lot of people are under invested. A lot of people who were 80 over 20 equities to cash at the end of 2024, right. It made sense for them. With the new administration coming in, why would you want to give up. So they had such nice growth over the last couple of years. We had 50% growth in the S&P in 2023 and 2024. So with Mr Trump coming in and being the wild card that he was, I think a lot of people are sort of went into cash to see how this new administration would pan out. They did not anticipate the big sell off, and I also did not. I don’t think that they anticipated the incredible rally while we were in the dark parts of April. I said the only silver lining to that massive quick sell off was that we can make it back in just this quick amount of time, and what ended up happening was after Mr Trump told everyone to buy the market. We made it back there in half the time. OK, a lot of people were caught off guard. A lot of the big players are under invested in the market, and we’re seeing a lot of catch up. The way the market is trading, a lot of these intraday reversals from lower left to upper right to me, show me with the experience that I have having been here for 40 years, is that the buyers are buyers of intent. They know what they’re doing. They’re picking their spots OK. At the end of the day, look, if someone missed the boat on buying that low, I did as well, OK. Just from my analysis perspective, because when we were there and it was so dark and we were so down, and I think a lot of big institutions also felt this. We could not put ourselves in Mr Trump’s mind to think, what is his next move going to be. Right? because he kept throwing out a lot of uncertainty. And so I think everybody was. So I wouldn’t feel bad about having missed that because there’s always more opportunity. At the end of the day, if today’s high is tomorrow’s low, then there’s a lot left. You know, for the rest of the year. We have a whole other half of the year here. I think once these deals that are obviously think about it, the reason, one of the reasons, another reason that the market is up is I believe there’s been a lot of backdoor diplomacy going on while we’ve been focused on the war in the Middle East, and that there’s been a lot of deal work going on. I think there were close to a deal with China. We are a couple days away from the EU deal. We have got the UK on the line. We have India, right. We’ve got obviously Mexico and Canada that are still a little bit sketchy. But once these deals right, which have been pending and they were kind of looming for a while that are now going to probably be good deals, I think then this market could catapult higher. I’m not a financial disclaimer across the board. I’m not an advisor. But just the way the market is acting and the way it’s trading, it feels like there’s still plenty of room left.
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