Markets in the middle of a 'money storm,' expert says
Extra savings are being put to work, according to D.R. Barton
Market expert: We're in the middle of a 'money storm'
Woodshaw Financial Group Principal D.R. Barton on the future of economic growth and market momentum.
Woodshaw Financial Group Principal D.R. Barton told FOX Business' "Varney & Co." Thursday that the markets are in the middle of a "money storm" and the "next move is going to be up."
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D.R. BARTON: Stuart, I am not yet worried. There may come a time where inflation rears its ugly head or some other big externality comes to the markets.
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But for right now, I wrote to you in my notes that I think we're in the biggest narrative that we've seen in a long time, and that is a money storm. We just have so much money still to invest from the first quarter of 2022 today.
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Personal savings accounts have risen $3 trillion, Stuart. That's a 50% increase. It is just amazing. That money is still being put to work all over the place. I think we have some sideways jiggles coming, but the next move is going to be up.
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The next economic 'move is going to be up': Market expert
Woodshaw Financial Group Principal D.R. Barton on his outlook for the markets.