Name: Purves: ‘Very Good Buying Opportunity’ in SPX at $4K
Uploaded: 2025-04-21T14:27:02.756-05:00
Duration: 8 min 9 s
Description: Michael Purves thinks we can see an earnings squeeze but avoid a recession. He sees a “very good buying opportunity” at $4K on the SPX. However, he’s “lightening up” during rallies, looking at T-bills and gold for defense. He’s also looking to Europe, particularly industrials. “I don’t think we’ve really felt market pain yet, but it’s coming,” he concludes.

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Michael Purves thinks we can see an earnings squeeze but avoid a recession. He sees a “very good buying opportunity” at $4K on the SPX. However, he’s “lightening up” during rallies, looking at T-bills and gold for defense. He’s also looking to Europe, particularly industrials. “I don’t think we’ve really felt market pain yet, but it’s coming,” he concludes.

Purves: ‘Very Good Buying Opportunity’ in SPX at $4K

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