Stocks are set to rally in the 2nd half of the year and it 'makes no sense' to assume prices have peaked, strategist says
Stocks are set to rally in the second half of the year, and it's wrong to assume that market prices have already peaked, according to BMO's chief investment strategist Brian Belski.on Tuesday, Belski pointed to the thesis often made by bearish investors, who say that the momentum in stocks will die off in the second half of 2023 as the US tips into a recession. collapse of Silicon Valley BankBut bears are ignoring important forms of disinflation in the market, Belski said.
Analysts expect a cut in interest rates to be bullish for stocks. Central bankers raised rates over 1,700% in the past year to control inflation, a move that's significantly tightened financial conditions and led to a 20% decline in the S&P 500 last year. A Fed pause in rate hikes or a pivot to rate cuts will likely
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AMC stock jumps, APEs tumble, after judge denies attempt for swift stock conversionAMC stock jumped premarket after a judge denied the company’s attempt to quickly resolve a shareholder court fight over a proposed APE stock conversion.
Read more »
Bed Bath & Beyond’s stock hits record low as troubled retailer pushes for reverse stock splitBed Bath & Beyond’s stock fell to a record intraday low Thursday as the troubled home-goods retailer continues its push for a reverse stock split. $BBBY has fallen 87.7% in 2023, compared with the S&P 500’s gain of 6.8%:
Read more »
AMC stock bounces premarket, after plunging on APE conversion settlementThe movie theater chain's stock had plunged on news of the stock conversion settlement.
Read more »
Yet Another Chance to Buy the Flatiron BuildingThe 2nd-place bidders did not want it after all.
Read more »
U.S. stock futures struggle to resume rally as jobs data loomsStocks stalled as investors pondered whether to be pleased soft economic data has trimmed bond yields, or wary of the business downturn those trends foretell.
Read more »
Active funds caught ‘off guard,’ missing out on stock market's big rally in first quarterActively-managed mutual funds in the U.S. weren’t ready for the stock-market’s "big rally" in the first quarter, according to BofA Global Research.
Read more »