Meli: Watch Factory Orders, Foresee 10%-15% Market Pullback Before Year End

Ali Meli reacts to the latest economic data, including the U.S. trade balance which is seeing a trend reversal after demand was pulled forward by tariffs. He expects imports to fall as domestic production takes over in some areas, which will lead to “deficit reduction.” His most significant concerns are around Factory Orders and equity market valuations. Ali thinks there could be a 10%-15% pullback in markets before the end of the year.

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