The Bear POV: Amid All the Good Feelings, What Could Go Wrong?
The S&P 500 is nearing its peak, but here is the case made by several prominent Wall Street seers for why things can go awry.
The S&P 500 is nearing its peak, but here is the case made by several prominent Wall Street seers for why things can go awry.
UBS analysts think the Fed will need 6 months or so to realize it can ease, gradually slicing the central bank’s benchmark by a modest amount, up to 0.75 points.
Historically, when the sector’s P/Es are this high, its market performance flags over the next 12 months, per Jack Ablin.
Almost half are slowing and one-third are lowering exposure to stocks and other risk assets, per CoreData.
A host of macro problems leave PE fund investors with just small gains.
Lombard’s Blitz makes the case for why the Fed will keep hiking, all the way up to 6.5%.
Expect higher oil prices, but these likely will not be crippling, strategists say.
Some allocators and managers are doing this, expecting a price pop ahead and collecting nice interest payouts along the way.
The classic trade-off between unemployment and inflation isn’t the same due to the Federal Reserve, in Peter Berezin’s view.
Two reports seem to show a cooling economy, with the Fed backing off.
Casting aside budget hawks’ concerns and inflation upticks, the firm applauds the industrial policy under the Biden Administration.
The portfolio’s market value dropped by more than $2 billion last year to $20.2 billion.