Jeffrey D. Saut, Chief Investment Strategist, (727) 567-2644, Jeffrey.Saut@RaymondJames.com June 12, 2018 Investment Strategy

It was last week when we wrote that the equity markets were likely to “stall” into the first part of this week due to the short-term lack of internal energy. So it was written and so it has happened, as stocks have “stalled” since last Thursday. However, the “stall” should end shortly, leading to new all-time highs in the weeks ahead. Quite frankly, we did not think there would be anyone more bullish than Leon Tuey and me, but I was wrong, for one Geneva-based portfolio manager emailed us this yesterday, from a strategist at Zacks:

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