Jeffrey Saut, Raymond James' Chief Investment Strategist, has been very favourable towards the market for a bit, and that has been correct. The S&P is up 15% year to date, here in mid-April. [backc url='http://www.dynamic.ca/leadership/eng/active.html?fund=dreii2f&utm_source=aa&utm_medium=banner&utm_campaign=alts_2019&utm_content=dreii2f']
CNBC asked Saut what his indicators are, what does he see for stocks in the near term.
"Our short term indicator came in to the last week relatively flat, but around mid-week, April 24, we're gonna trade out to all time highs," said Saut.
Asked if he saw more upside than the one to one and a half percent we are away from new highs, Saut said, "I think we're going to see substantial new highs."
"The history of secular bull markets is that they last 15+ years. If you want to use March '09 as your starting point, we're ten years in to this one."
"We ought to have another 5, 6, 7 years left in it, and nobody believes it," stated Saut.
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