Wealth Consulting Group's Leger makes a case for S&P 6500 as tariffs ease

Money Life with Chuck Jaffe

Talley Leger, chief market strategist at The Wealth Consulting Group, says the stock market over-reacted to the downside over tariff announcements and that investor sentiment was so sour that it flashed big buying signals to him. Now that there has been some easing of tariff tensions with the United States and China announcing a deal on Monday, Leger says he thinks the market can push through the trouble, sustain a 2 percent growth rate and work through volatility to end the year with the Standard & Poor's 500 in the 6,500 range, about 15 percent up from where it started the day. David Trainer, founder and president at New Constructs, puts FreshPet back in the Danger Zone, noting that the stock has a franchise that might attract potential buyers, but it has a business that can't see a clear path to profitability as it exists now. David Brady, president, Brady Investment Counsel talks stocks in the Money Life Market Call.