Butowsky: Four Rate Cuts Before Year End, Healthcare ‘Hornet’s Nest’

Ed Butowsky expects the market to go higher from here and anticipates the Fed cutting rates soon – 4 times before the end of the year. On Trump’s executive order to lower drug prices, he notes that it only covers drugs administered at the doctor’s office. He says middlemen in the healthcare industry and Medicare reimbursements will get hit by the news. “Every pharma stock is like a hornet’s nest,” he adds. He’s also staying out of the Mag 7 except for Meta Platforms (META). He also “loves” GigaCloud (GCT).

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