The S&P 500 index is likely to hit 2250 by the end of the year though it may seem too bullish right now, said Julian Emanuel, US equity and derivatives strategist at UBS. There has not been a bear market in the past 25 years without a recession and the economy is simply too strong now whether it is jobs, …
One Man’s Opinion: Is The Time Ripe To Bottom-Fish Or Re-Enter The Equity Markets?
The latest rebound in US equities is probably too early to do a victory lap though there’s no denying that valuations have improved pretty dramatically in the last couple of weeks, said David Lafferty, Chief Market Strategist at Natixis Global Asset Management. With the S&P 500 trading at about 18 times forward earnings and the Dow at about 16.5/17 times, …
One Man’s Opinion: Will US Equities Rise As The Budget Deficit Shrinks?
The Federal Reserve balance sheet has nearly tripled in size to $3 trillion over the last few years, which is a cause for concern, says David Kelly, chief market strategist at JP Morgan Funds. The US Fed has loaded up their balance sheet with a pile of very bad assets, i.e. very low yielding bonds, and eventually they have to …