strategist | Common News Update

Nov252020 by adminNo Comments

Market’s record run is far from the finish line, Oppenheimer’s chief strategist predicts

Finance

Dow 30,000 may just be the beginning.Oppenheimer Asset Management's John Stoltzfus believes the Dow's record high on Tuesday is justified despite the nation's battle against surging coronavirus cases.He lists a resilient economy as the major factor for optimism."Very simply, the fundamentals are improving and prospects for them to improve further appear likely," the firm's chief investment strategist told CNBC's "Trading Nation."Stoltzfus also cites vaccines advancements, less uncertainty surrounding Washington's post-election government makeup and better-than-expected third quarter earnings for his positive outlook.It's a stark departure from his view about nine months ago. Stoltzfus was one of the first mainstream Wall Street strategists to warn investors about the pandemic.In late Febru...

Sep222020 by adminNo Comments

Dollar will lose recent strength and test Feb. 2018 lows, top currency strategist Win Thin predicts

Finance

While the stock market continues to struggle, the dollar is kicking off the week around six-week highs. However, Brown Brothers Harriman's Win Thin warns the greenback won't stay there because the backdrop supports another leg lower.He expects the U.S. Dollar Index to test Feb. 2018 lows — which would be around the "88 and change" level. The move would imply about a 5% decline from current levels."Since the pandemic really intensified in March, we've seen the dollar gain from bouts of risk-off. But really, those gains have not been long lasting," the firm's global head of global currency strategist told CNBC's "Trading Nation" on Monday. "The headwinds are building on the dollar and the U.S. economy. So, I think the recovery maybe gets pushed out into early 2021."...

Oct302019 by adminNo Comments

An Elizabeth Warren presidency may not be as bad for stocks as some investors fear, strategist says

Finance

An Elizabeth Warren presidency would likely be tough on some sectors, but it might not hit stock markets as hard as feared, a Jefferies strategist suggested on Wednesday.Warren, a Democratic presidential 2020 frontrunner, has bashed the rich — proposing a wealth tax — and lambasted the financial industry among other sectors. As the Massachussetts senator climbs in Democratic presidential polls, a growing pool of investors warn that her win would result in major losses for the U.S. stock market."In our industry ... there's a general perception that it would be a significant equity market correction, if she were to win," said David Zervos, chief market strategist at Jefferies. "She would change returns on capital expectations, earning expectations, regulations would go up, taxes would go up,...

Jan242018 by adminNo Comments

With no recession red flags on horizon, 2018 will see strong US, global GDP growth: Strategist

Finance

Nine years into the U.S. bull market in stocks, we are still optimistic for the year ahead. But there are some risks investors need to be mindful of as we start the new year.Fortunately, we do not believe recession is one of them, and so we remain bullish.Pending recessions typically end bull markets. And recessions are often presaged by certain signals: rising jobless claims; falling home sales; an inverted yield curve; wage pressures that impact corporate margins; exogenous shocks, including oil spikes; or destabilizing valuations in key asset classes.We don't see those red flags on the horizon as we enter the new year, so we continue to believe that 2018 will witness strong U.S. and global GDP growth. Equity gains will likely moderate from 2017, but we continue to favor stocks over bond...

Nov112017 by adminNo Comments

The bull market is in the 'bottom of the ninth inning,' says a strategist who called the rally

Finance

A Wall Street portfolio strategist who urged investors to believe the rally is now predicting the bull market's eventual demise — and it has nothing to do with Washington politics.Joe Zidle, of Richard Bernstein Advisors, is arguing that the bull market has entered the bottom of the ninth inning."This is a late-cycle environment," Zidle said on CNBC's "Futures Now" recently."In innings terms, they're not time dependent. An inning could be shorter or they could be longer. It just really depends," the strategist said. However, that doesn't necessarily mean investors should consider taking cover quite yet."Being in the ninth inning doesn't mean that we're in immediate risk of seeing this bull market rollover or end. We think it could go on still for quite some time just based on the fundament...