Coronavirus vaccine developments are a more important market catalyst than the US presidential election and third-quarter earnings, Goldman Sachs said Friday. The odds of widespread vaccine distribution by the first quarter of 2021 rose to 71% in early September from 39%, suggesting a resumption of regular economic activity might arrive […]
Tech giants led major indexes lower during September’s sell-off but the sector is poised to rebound in the coming months, Seema Shah, chief strategist at Principal Global Investors, said Wednesday. Uncertainty around the pandemic’s trajectory could extend work-from-home trends and accelerate digital trends, she wrote in a blog post. The […]
President Trump’s contraction of COVID-19 could improve the stock market’s outlook in two ways, Marko Kolanovic, head of quantitative and derivatives strategy at JPMorgan, said Friday. In one hypothetical posed by the bank, a mix of voter sympathy, increased turnout, and mild coronavirus symptoms could lift Trump’s odds of winning […]
John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, said in a note on Monday that stocks at current levels are vulnerable to a pullback of 4% to 6%. This could enable nervous investors to take profits without FOMO, the strategist said. He added: “We are reminded that stocks tend […]
BlackRock’s Mike Pyle told Bloomberg that a “chicken and egg problem” could be to blame for why Congress hasn’t reached a deal for a new stimulus. The problem: Markets have already priced in that a deal will be reached, and their lack of turbulence has gotten rid of any urgency […]
Robert Doll, Nuveen chief equity strategist, told Bloomberg that investors who have cash right now have to “step up and put some in” the market. The strategist said there will be “bumps on the road” in the short term, but he doesn’t see a large downside ahead and thinks the […]
The stock market is “discounting lots of good news through the end of next year” and will rally into 2022, strategist Ed Yardeni said in a Wednesday note. The longtime bull raised his S&P 500 targets to 3,500 for this year and 3,800 for 2021. Stocks remain in the same […]
Stock valuations are soaring ahead of profit expectations, and investors should “come to their senses” and let prices cool, Ed Yardeni, president of Yardeni Research, said in a Monday note. The S&P 500’s forward price-earnings ratio climbed to 22 on Friday, landing about 3 percentage points above the cyclical peak […]
The S&P 500 is in its final stage of correction before balancing out and ushering in a healthier bull market, Mike Wilson, chief US equity strategist at Morgan Stanley, said Monday. Tech stocks’ recent dips mark “the painful stage” where market leaders enter the correction seen across other industries, he […]
Longtime market bull Ed Yardeni sees escalating US-China tensions and rising coronavirus cases placing significant pressure on the stock market’s steady rise. Equity prices could slide 20% to 30% if the growing risks catch up with investors’ hopes for a smooth economic recovery, Yardeni said on CNBC. The strategist’s comments […]
TD Ameritrade clients boosted their stock-market exposure for the first time in four months, a May update to the firm’s Investor Movement Index showed Monday. The index jumped to 4.35 last month from 3.9 as net buying activity ended a downturn and matched the market’s broad rally. Travel companies Southwest […]
The quick, V-shaped economic recovery could be on the horizon judging by central bank moves and early data from China, JPMorgan said Wednesday. The Federal Reserve’s purchases of Treasuries, mortgage-backed securities, and municipal bonds have already helped the asset classes retrace half of their losses. A sharp rebound in China’s […]
Events like the coronavirus outbreak, US presidential election, and geopolitical tensions are set to drive greater volatility in 2020 compared to last year, according to Seema Shah, chief strategist at Principal Global Investors. Central banks are still “still obviously in play,” and with the Federal Reserve pausing rate adjustments until […]
