STORY: “I really am skeptical that the economy is going to be able to weather the storm from some of the tariff situation and therefore that is really the crux of my argument and why I think the economy can struggle a little bit in here,” adds Brigati. “So I do expect us to revisit some lower price points for the S&P 500 and the equity market.”
He also doesn’t see much upside from where stocks currently trade.
“Now, we’re somewhere around 5600 on the S&P 500,” he said. “I think that’s an OK place to be, but I still think it’s relatively fully valued.”