Growth stocks rebound, banks are vulnerable, consumer staples rule—all those shibboleths are so last year, the firm’s CIO, John Linehan, says.
Historically, bad news and painful slumps like today’s inspire blah predictions. Funny thing how wrong they’ve been.
Using methods other than market value should give superior performance amid slow economic growth and rapid inflation, respondents believe.
Over the past three-quarters of a century, the market has lost an average 0.56% during the upcoming month, CFRA data show.
Some growth stocks are now in the bargain category. Hare, welcome to tortoise-hood.
Projected S&P 500 profits rose just 6.7% in the second quarter, and even slower results are ahead. Not good for stocks, the firm contends.
After a bad January-through-June spell, CFRA’s Stovall says, markets usually improve by year-end.
Technical indicators point to a possible low point for the battered cryptocurrency, say Glassnode researchers.
They are now slightly profitable, while every other asset class is getting creamed.
