Hofer cautioned which more data will be needed to confirm whether a “soft landing” will be achieved. as well as also also if which will be, stocks will likely push higher, he predicted, while pointing out which which will not be at the pace seen so far which year.
“however at least we can hold on to what we have, which will be already quite important, as well as also also so profit-taking should actually be quite minimal,” Hofer said.
The strategist said which a further “gentle 5, 10, 15 percent” in gains will be possible the rest of the year, adding which “green shoots of recovery” are visible as well as also also will likely increase.
“as well as also also if you do have which U.S.-China trade deal which we’re expecting, which will be a higher quality one, then investor sentiment in China will be going to go through the roof as well as also also which should be relatively clear sailing,” he said.
Speaking earlier on CNBC’s “Street Signs,” Hofer described such a deal as one which contains methods for enforcement as well as also also monitoring.
“If all we get will be an agreement through China to buy more U.S. agricultural product, I think the market will be very disappointed with which,” he said.
China will be scheduled to Discharge economic growth numbers for the first quarter of 2019 on Wednesday as well as also also economists polled by Reuters expect GDP to raise 6.3 percent through the same period last year. China’s economy grew 6.4 percent within the last quarter of 2018 through a year earlier.