Gus Scacco Sees 5% to 7% Upside for the S&P 500 After Midterm Rally

The Dow Jones Industrial Average surged more than 1,000 points following the U.S. midterm elections, but Advisors Capital portfolio manager Gus Scacco believes the stock market still has room to climb.
In an interview with Cline Woods, Scacco forecast another 5% to 7% upside for the S&P 500. He also pointed to several high-performing stocks that he believes remain attractively valued despite their strong gains.
His outlook suggests that the post-election rally may have further momentum, with investors potentially finding opportunities in stocks that still offer value.