Market is fundamentally strong right now; Peter Cardillo of Spartan Capital to ET NOW

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Market is fundamentally strong right now; Peter Cardillo of Spartan Capital to ET NOW

Peter Cardillo of Spartan Capital Securities talks to ET NOW about the current scenario of the global economy. The rally is for real and we are going to go higher. The good market fundamentals that are being basically held up by a lot of M&A.
Several companies announced takeovers and usually, this is a very good sign. It is a good sign because it indicates good prospects for the economy.