Strategist tells investors not to worry about high stock valuations

Traders work on the floor of the New York Stock Exchange NYSE Investors should disregard concerns over high valuations and focus on growth in what is now a “stockpicker’s market,” according to Matt Orton, chief market strategist at Raymond James Investment Management. The S&P 500 closed out a two-week losing streak on Friday, but Orton … Read more

China’s valuations are ‘way too low,’ strategist says — here’s why

China has set a GDP target of around 5% for yet another year, amid analyst concerns of insufficient policy support to reach the goal. Bloomberg | Bloomberg | Getty Images Valuations of Chinese stocks are “way too low” and investors should be looking to cautiously re-enter the world’s second-largest economy, according to Shaun Rein, founder … Read more

Treating China as ‘un-investable’ would be the wrong call: strategist

Visitors near Yuyuan Bazaar in Shanghai, China, on Sunday, Feb. 11, 2024. Raul Ariano | Bloomberg | Getty Images Even as China’s economy is facing difficulties, treating it as un-investable like some analysts have suggested would not be the right call, John Bilton, head of global multi-asset strategy at JPMorgan Asset Management, told CNBC’s “Squawk … Read more

Clocktower’s chief strategist says Chinese stocks will likely rally 10%

An investor watches a board showing stock information at a brokerage office in Beijing, China. Jason Lee | AP BEIJING — Chinese stocks will likely climb by at least 10% in coming days as authorities signal concerted support efforts, said Marko Papic, partner and chief strategist at Clocktower Group. Papic pointed in particular to Bloomberg’s … Read more

Trump’s proposed 10% tariff plan would shake up every asset class: Strategist

Former U.S. President and Republican presidential candidate Donald Trump holds a rally in advance of the New Hampshire presidential primary election in Rochester, New Hampshire, U.S., January 21, 2024.  Mike Segar | Reuters Markets need to begin thinking about the structural impact of Donald Trump’s proposed 10% tariff increase, which “shakes up every asset class,” … Read more

Top Citi strategist says healthier economic growth is coming

Jim Dyson | Getty Images News | Getty Images The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable growth, according to Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth. Major economies have proven surprisingly resilient to sharp interest rate increases … Read more

Markets will see a ‘year for non-consensus’ in 2024, strategist says

Traders work on the floor of the New York Stock Exchange. NYSE Stocks could be in for a rough year while the U.S. 10-year Treasury yield is set to jump back above 5% in what may become a “year for non-consensus,” according to one technical strategist. The S&P 500 finished 2023 up 24.23% after a … Read more

Ex-Bush Strategist Predicts Exactly When Donald Trump Will Be Convicted

Matthew Dowd, a Republican strategist for George W. Bush’s 2004 presidential campaign, on Tuesday predicted when former President Donald Trump will be convicted. Dowd, talking to MSNBC’s Joy Reid, said he envisioned Trump ― who faces 91 charges across four criminal cases ― winning the GOP primaries in Iowa, New Hampshire and South Carolina “and … Read more

Don’t trust the stock market rally, strategist warns

LONDON — Stocks are heading for a bumper week, but there are many reasons to be wary, one strategist warned on Friday. “In short, we don’t believe this rally,” Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International, told CNBC’s “Squawk Box Europe.” “We had a tough later part of summer, there … Read more

‘The bond vigilante is coming back,’ UBS strategist says

The bond vigilantes are coming back as investors continue to sell amid the prospect of higher for longer interest rates and a growing fiscal deficit, according to Kevin Zhao, head of global sovereign and currency at UBS Asset Management. The yield on the benchmark 10-year U.S. Treasury note rose above 5% once again on Monday, … Read more