The economy is in good shape and earnings are expanding, which spells good news for stocks, according to Stephanie Link.
"We're in the sweet spot of this economy, in terms of growth," which is great news for corporate profits and points to wider stock market rally involving more stocks, Link said.
"We're running at 4.2% from the Atlanta Fed GDP tracker, you've got PMIs [purchasing manager indexes] that are bottoming, new orders that are inflecting [higher]," Link said.
"It means better earnings.
A strong economy means better earnings, and that is what is happening.
Persons:
Stephanie Link, Link, Hightower, you've, We've
Organizations:
Hightower Associates, Atlanta Fed