Focus on defensives for a U-shaped second-half recovery - eToro's Laidler

seekingalpha2022-06-30

uschools/E+ via Getty Images The S&P 500 total return (SP500TR) is on track for its worst start of the year since 1970. The S&P (SP500) (SPY) looks to add to losses of more than 20% year to date ...

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The S&P (SP500) (SPY) looks to add to losses of more than 20% year to date ...</p>\n\n<a href=\"https://seekingalpha.com/news/3853140-focus-on-defensives-for-a-u-shaped-second-half-recovery-etoros-laidler\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Focus on defensives for a U-shaped second-half recovery - eToro's Laidler</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFocus on defensives for a U-shaped second-half recovery - eToro's Laidler\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-30 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3853140-focus-on-defensives-for-a-u-shaped-second-half-recovery-etoros-laidler><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>uschools/E+ via Getty Images  The S&P 500 total return (SP500TR) is on track for its worst start of the year since 1970. The S&P (SP500) (SPY) looks to add to losses of more than 20% year to date ...</p>\n\n<a href=\"https://seekingalpha.com/news/3853140-focus-on-defensives-for-a-u-shaped-second-half-recovery-etoros-laidler\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GXC","symbol_name":"中国ETF-SPDR S&P","start_time":0,"source_url":"https://seekingalpha.com/news/3853140-focus-on-defensives-for-a-u-shaped-second-half-recovery-etoros-laidler","article_id":"2247886419","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2247886419","pubTimestamp":1656586136,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"uschools/E+ via Getty Images  The S&P 500 total return (SP500TR) is on track for its worst start of ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"161125":"标普500","513500":"标普500ETF","GXC":"中国ETF-SPDR S&P","SSO":"两倍做多标普500ETF","MCHI":"中国ETF-iShares MSCI","EWU":"英国ETF-iShares MSCI","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","IVV":"标普500指数ETF","BK4534":"瑞士信贷持仓","VYM":"红利股ETF-Vanguard","BK4582":"ESG ETF-MSCI","SPXU":"三倍做空标普500ETF","OEX":"标普100",".SPX":"S&P 500 Index","UPRO":"三倍做多标普500ETF","BK4559":"巴菲特持仓","SPY":"标普500ETF","BK4550":"红杉资本持仓","SPYD":"SPDR Portfolio S&P 500 High Dividend ETF","BK4581":"高盛持仓","XLV":"健康照护类股ETF-SPDR","BK4504":"桥水持仓","URTH":"iShares MSCI World Index Fund","OEF":"标普100指数ETF-iShares"},"translate_title":"专注于防守，下半场U型恢复--埃托罗的莱德勒","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"161125":0.6,"513500":0.6,"MCHI":1,"XLV":1,"VYM":1,"URTH":1,"SPYD":1,"SPY":1,"GXC":1,"EWU":1,"SH":0.6,"UPRO":0.6,"SSO":0.6,"SPXU":0.6,"SDS":0.6,"OEX":0.6,"OEF":0.6,".SPX":0.6,"IVV":0.6,"ESmain":0.6},"content_text":"uschools/E+ via Getty Images  The S&P 500 total return (SP500TR) is on track for its worst start of the year since 1970. The S&P (SP500) (SPY) looks to add to losses of more than 20% year to date today, with futures falling. \"It was terrible for investors, with few places to hide, and markets plunging into a bear market,\" eToro strategist Ben Laidler wrote in a note Thursday. \"Driven by a one-two punch of high-for-longer inflation and aggressive central banks, followed by surging recession fears, US and global equities (URTH) plummeted over 15% in Q2 and bitcoin (BTC-USD) more than halved.\" \"Both bonds and commodities fell. Only China (SHCOMP) rose, among the biggest markets, and the US dollar (USDOLLAR), among asset classes.\" Q3 is usually the weakest quarter of the year, but this is not a normal year, Laidler said. \"We see a volatile market bottoming in Q3\" and a U-shaped second-half recovery, he said. (See market-moving Q3 events below.) \"Much has been priced in, and valuations already plunged. We are near an inflation peak, with financial conditions significantly tightened and economies slowing.\" \"Recession is neither inevitable, global, nor likely large,\" he added. \"But risks remain high with inflation not clearly peaked yet, and earnings not fallen at all. We are invested for the inevitable upturn, but defensive for the risks.\" \"Bull markets are built on the shoulders of bear markets and typically four times longer and larger.\" Laidler said he is focused on defensive areas like healthcare (XLV) and high dividend (SPYD) (VYM) and markets like the UK (EWU) and China (MCHI) (GXC). See Wolfe Research's stock market bottom checklist.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2247886419"}