Stock market peak? 'Easy money' has been made but room for more gains, strategists say

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Stock market peak? 'Easy money' has been made but room for more gains, strategists say

MarketWatch2021-05-03

Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES Another week of booming U.S. ...

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MNCoffee
·2021-05-03
Sick
Reply
1
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LadyC
·2021-05-03
Prepare bullet in the winter and await springto come.
Reply
1
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EDWINHLC
·2021-05-03
Good good
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Slee49
·2021-05-03
Go Go up to the moon
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BruceLKH
·2021-05-03
I want more money
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SaveHK
·2021-05-03
Like and comment please.
Reply
1
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- riphunter:
  nice
  2021-05-03
  Reply
  Report
Wallstrtbets
·2021-05-03
Yes more.
Reply
2
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Bll
·2021-05-03
Like and comment pls
Reply
4
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- SaveHK:
  like [开心]
  2021-05-03
  Reply
  Report
小股神来也
·2021-05-03
Ok
Reply
2
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- 小股神来也:
  oo
  2021-05-04
  Reply
  Report
- 茁壮成长的韭菜儿:
  ok
  2021-05-04
  Reply
  Report
- 茁壮成长的韭菜儿:
  ok
  2021-05-03
  Reply
  Report
追高风
·2021-05-03
Haha, r u serious
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- Junwei95:
  noice
  2021-05-03
  Reply
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fwpang
·2021-05-03
Nice easy money.Like it.
Reply
2
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HunterX
·2021-05-03
Too many good news... beware ;)
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1
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- Junwei95:
  noice
  2021-05-03
  Reply
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weiyun
·2021-05-03
Good news!
Reply
1
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SquareGuy
·2021-05-03
$amzn is 1 good example
Reply
3
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hisashi
·2021-05-03
Good
Reply
2
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- TohKokMeng79:
  peak
  2021-05-04
  Reply
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SerenityMie
·2021-05-03
Pls like and comment
Reply
5
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- Huathk:
  Gd
  2021-05-03
  Reply
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Sagi08
·2021-05-03
[Happy] @simplydkam @IZLIN @Meow17
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2
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- Sagi08:
  Hmm
  2021-05-03
  Reply
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Luck93
·2021-05-03
Just watch out for any possible sign of trend reversal. I would wait for market correction before going in. Like and comment thanks
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简约虎猫
·2021-05-03
Buy and hold good companies
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letsgo8
·2021-05-03
Ok
Reply
6
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- 林癸源:
  [微笑]
  2021-05-03
  Reply
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SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Source Link</a>\n\n</div>\n","source":"lsy1603348471595","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>Stock market peak? 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'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">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":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","article_id":"2132438598","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","pubTimestamp":1620006729,"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"translate_title":"股市见顶？策略师说，“轻松赚钱”已经赚到，但仍有进一步上涨的空间","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":108477056,"gmtCreate":1620051821875,"gmtModify":1704337950218,"author":{"id":"3578437374431441","authorId":"3578437374431441","name":"MNCoffee","avatar":"https://static.tigerbbs.com/1574b98e81022d53dfe703d67f405d4e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578437374431441","authorIdStr":"3578437374431441"},"htmlText":"Sick","listText":"Sick","text":"Sick","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108477056","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108445326,"gmtCreate":1620051254965,"gmtModify":1704337933026,"author":{"id":"3576655834033384","authorId":"3576655834033384","name":"LadyC","avatar":"https://static.tigerbbs.com/3ad9f959f9994b84f8c3d4c43e06d6a5","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3576655834033384","authorIdStr":"3576655834033384"},"htmlText":"Prepare bullet in the winter and await springto come.","listText":"Prepare bullet in the winter and await springto come.","text":"Prepare bullet in the winter and await springto come.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108445326","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108492531,"gmtCreate":1620047840523,"gmtModify":1704337835650,"author":{"id":"3582422606150116","authorId":"3582422606150116","name":"EDWINHLC","avatar":"https://static.tigerbbs.com/1713fcfede7d5ef4d896338f3a585a14","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582422606150116","authorIdStr":"3582422606150116"},"htmlText":"Good good","listText":"Good good","text":"Good good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108492531","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108579051,"gmtCreate":1620045937273,"gmtModify":1704337799270,"author":{"id":"3581993357014262","authorId":"3581993357014262","name":"Slee49","avatar":"https://static.tigerbbs.com/a4a9c556617a3ec3446f5c1c667b4aa0","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"3581993357014262","authorIdStr":"3581993357014262"},"htmlText":"Go Go up to the moon","listText":"Go Go up to the moon","text":"Go Go up to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108579051","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108554781,"gmtCreate":1620044909543,"gmtModify":1704337782112,"author":{"id":"3579237568930568","authorId":"3579237568930568","name":"BruceLKH","avatar":"https://static.tigerbbs.com/3a1cd83d8c0a30319a06ed3da4080b86","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579237568930568","authorIdStr":"3579237568930568"},"htmlText":"I want more money","listText":"I want more money","text":"I want more money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108554781","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108565539,"gmtCreate":1620042959721,"gmtModify":1704337752392,"author":{"id":"3570678493691973","authorId":"3570678493691973","name":"SaveHK","avatar":"https://static.tigerbbs.com/89b74f5799a23844400ed6de94296d38","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3570678493691973","authorIdStr":"3570678493691973"},"htmlText":"Like and comment please.","listText":"Like and comment please.","text":"Like and comment please.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108565539","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4209147,"gmtCreate":1620044413661,"gmtModify":1680786776531,"authorId":3551760888969730,"author":{"id":3551760888969730,"idStr":"3551760888969730","authorId":3551760888969730,"name":"riphunter","avatar":"https://static.tigerbbs.com/689b0f6d19e195ef8a82e6d88496149d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108565539,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice"}],"langContent":"EN"},{"id":108566363,"gmtCreate":1620042694452,"gmtModify":1704337749156,"author":{"id":"3566244878628904","authorId":"3566244878628904","name":"Wallstrtbets","avatar":"https://static.tigerbbs.com/6c38bbee1121ea92508ad9508fa15c5e","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3566244878628904","authorIdStr":"3566244878628904"},"htmlText":"Yes more.","listText":"Yes more.","text":"Yes more.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108566363","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108569448,"gmtCreate":1620042308584,"gmtModify":1704337743606,"author":{"id":"3575152525326279","authorId":"3575152525326279","name":"Bll","avatar":"https://static.tigerbbs.com/b372fc92d67296f5ba36af78d1d6e935","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575152525326279","authorIdStr":"3575152525326279"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108569448","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4208964,"gmtCreate":1620042980250,"gmtModify":1680786773643,"authorId":3570678493691973,"author":{"id":3570678493691973,"idStr":"3570678493691973","authorId":3570678493691973,"name":"SaveHK","avatar":"https://static.tigerbbs.com/89b74f5799a23844400ed6de94296d38","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108569448,"type":1,"supId":0,"prevId":0,"content":"like [开心]","text":"like [开心]","html":"like [开心]"}],"langContent":"EN"},{"id":108587117,"gmtCreate":1620042078839,"gmtModify":1704337740343,"author":{"id":"3569026924402821","authorId":"3569026924402821","name":"小股神来也","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569026924402821","authorIdStr":"3569026924402821"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/108587117","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4219322,"gmtCreate":1620126112479,"gmtModify":1680786937770,"authorId":3569026924402821,"author":{"id":3569026924402821,"idStr":"3569026924402821","authorId":3569026924402821,"name":"小股神来也","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108587117,"type":1,"supId":4219258,"prevId":0,"content":"<u>oo</u>","text":"<u>oo</u>","html":"<u>oo</u>"},{"id":4219258,"gmtCreate":1620125353504,"gmtModify":1680786935957,"authorId":3555098609392330,"author":{"id":3555098609392330,"idStr":"3555098609392330","authorId":3555098609392330,"name":"茁壮成长的韭菜儿","avatar":"https://static.tigerbbs.com/63c1303fedfcd4cb51019f482b816ad5","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.19","exceedPercentage":"93.83%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108587117,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":4208888,"gmtCreate":1620042260843,"gmtModify":1680786774406,"authorId":3555098609392330,"author":{"id":3555098609392330,"idStr":"3555098609392330","authorId":3555098609392330,"name":"茁壮成长的韭菜儿","avatar":"https://static.tigerbbs.com/63c1303fedfcd4cb51019f482b816ad5","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.19","exceedPercentage":"93.83%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108587117,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":108582002,"gmtCreate":1620041595306,"gmtModify":1704337736252,"author":{"id":"3571463119794412","authorId":"3571463119794412","name":"追高风","avatar":"https://static.tigerbbs.com/aa72a321bdf13eb9d23dc6dbab1ad618","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3571463119794412","authorIdStr":"3571463119794412"},"htmlText":"Haha, r u serious","listText":"Haha, r u serious","text":"Haha, r u serious","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108582002","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4208835,"gmtCreate":1620041791401,"gmtModify":1680786779676,"authorId":3579093726134418,"author":{"id":3579093726134418,"idStr":"3579093726134418","authorId":3579093726134418,"name":"Junwei95","avatar":"https://static.tigerbbs.com/5734fa382cf5d7d04f07c5680a28a7df","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108582002,"type":1,"supId":0,"prevId":0,"content":"noice","text":"noice","html":"noice"}],"langContent":"EN"},{"id":108588424,"gmtCreate":1620041383568,"gmtModify":1704337734785,"author":{"id":"3581514718170051","authorId":"3581514718170051","name":"fwpang","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581514718170051","authorIdStr":"3581514718170051"},"htmlText":"Nice easy money.Like it.&nbsp;","listText":"Nice easy money.Like it.&nbsp;","text":"Nice easy money.Like it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108588424","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108588291,"gmtCreate":1620041339613,"gmtModify":1704337734622,"author":{"id":"3580036692422855","authorId":"3580036692422855","name":"HunterX","avatar":"https://static.tigerbbs.com/e4dcdf2c3699fb8fa1eee115468efcfb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3580036692422855","authorIdStr":"3580036692422855"},"htmlText":"Too many good news... beware ;)","listText":"Too many good news... beware ;)","text":"Too many good news... beware ;)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108588291","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4208838,"gmtCreate":1620041799667,"gmtModify":1680786781183,"authorId":3579093726134418,"author":{"id":3579093726134418,"idStr":"3579093726134418","authorId":3579093726134418,"name":"Junwei95","avatar":"https://static.tigerbbs.com/5734fa382cf5d7d04f07c5680a28a7df","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108588291,"type":1,"supId":0,"prevId":0,"content":"noice","text":"noice","html":"noice"}],"langContent":"EN"},{"id":108583627,"gmtCreate":1620041000269,"gmtModify":1704337731364,"author":{"id":"3580425558261791","authorId":"3580425558261791","name":"weiyun","avatar":"https://static.tigerbbs.com/477c415682361148f065d9de1aa8c930","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3580425558261791","authorIdStr":"3580425558261791"},"htmlText":"Good news!&nbsp;","listText":"Good news!&nbsp;","text":"Good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108583627","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108580378,"gmtCreate":1620040748194,"gmtModify":1704337728590,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"htmlText":"$amzn is 1 good example&nbsp;","listText":"$amzn is 1 good example&nbsp;","text":"$amzn is 1 good example","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108580378","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108512639,"gmtCreate":1620040428321,"gmtModify":1704337722893,"author":{"id":"3569379942872386","authorId":"3569379942872386","name":"hisashi","avatar":"https://static.tigerbbs.com/29366171e4326ad7326206178789c95f","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3569379942872386","authorIdStr":"3569379942872386"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108512639","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4219247,"gmtCreate":1620125226164,"gmtModify":1680786934376,"authorId":3574312720176101,"author":{"id":3574312720176101,"idStr":"3574312720176101","authorId":3574312720176101,"name":"TohKokMeng79","avatar":"https://static.tigerbbs.com/f09aad76a158a443465cacafe0bebb97","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108512639,"type":1,"supId":0,"prevId":0,"content":"<u>peak</u>","text":"<u>peak</u>","html":"<u>peak</u>"}],"langContent":"EN"},{"id":108516578,"gmtCreate":1620040367694,"gmtModify":1704337721580,"author":{"id":"3581556843549192","authorId":"3581556843549192","name":"SerenityMie","avatar":"https://static.tigerbbs.com/7beaf0f50fa9c54132bac0579576b755","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581556843549192","authorIdStr":"3581556843549192"},"htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108516578","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4208869,"gmtCreate":1620042151605,"gmtModify":1680786777300,"authorId":3573472992263411,"author":{"id":3573472992263411,"idStr":"3573472992263411","authorId":3573472992263411,"name":"Huathk","avatar":"https://static.tigerbbs.com/43c7168c646d9ea6805194ed0003f1cc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108516578,"type":1,"supId":0,"prevId":0,"content":"Gd","text":"Gd","html":"Gd"}],"langContent":"EN"},{"id":108516067,"gmtCreate":1620040288559,"gmtModify":1704337721090,"author":{"id":"3582026494482473","authorId":"3582026494482473","name":"Sagi08","avatar":"https://static.tigerbbs.com/04a6ca80d31900bae8ec95b23446e79d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582026494482473","authorIdStr":"3582026494482473"},"htmlText":"[Happy]&nbsp;<a href=\"https://laohu8.com/U/3582502706085184\">@simplydkam</a><a href=\"https://laohu8.com/U/3581848609787274\">@IZLIN</a><a href=\"https://laohu8.com/U/3581561113691319\">@Meow17</a>","listText":"[Happy]&nbsp;<a href=\"https://laohu8.com/U/3582502706085184\">@simplydkam</a><a href=\"https://laohu8.com/U/3581848609787274\">@IZLIN</a><a href=\"https://laohu8.com/U/3581561113691319\">@Meow17</a>","text":"[Happy] @simplydkam@IZLIN@Meow17","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108516067","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4209464,"gmtCreate":1620046874456,"gmtModify":1680786782013,"authorId":3582026494482473,"author":{"id":3582026494482473,"idStr":"3582026494482473","authorId":3582026494482473,"name":"Sagi08","avatar":"https://static.tigerbbs.com/04a6ca80d31900bae8ec95b23446e79d","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108516067,"type":1,"supId":0,"prevId":0,"content":"Hmm","text":"Hmm","html":"Hmm"}],"langContent":"EN"},{"id":108537333,"gmtCreate":1620039891822,"gmtModify":1704337712343,"author":{"id":"3580014056152274","authorId":"3580014056152274","name":"Luck93","avatar":"https://static.tigerbbs.com/1ae7f0ce33ae6a51568df8a678abb93e","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3580014056152274","authorIdStr":"3580014056152274"},"htmlText":"Just watch out for any possible sign of trend reversal. I would wait for market correction before going in.&nbsp;Like and comment thanks","listText":"Just watch out for any possible sign of trend reversal. I would wait for market correction before going in.&nbsp;Like and comment thanks","text":"Just watch out for any possible sign of trend reversal. I would wait for market correction before going in. Like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108537333","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108535511,"gmtCreate":1620039754433,"gmtModify":1704337710011,"author":{"id":"3576406572026158","authorId":"3576406572026158","name":"简约虎猫","avatar":"https://static.tigerbbs.com/7e7ddaa1b09a9a40b325bb459058257e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3576406572026158","authorIdStr":"3576406572026158"},"htmlText":"Buy and hold good companies&nbsp;","listText":"Buy and hold good companies&nbsp;","text":"Buy and hold good companies","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108535511","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108865433,"gmtCreate":1620011721422,"gmtModify":1704337348572,"author":{"id":"3575378189904678","authorId":"3575378189904678","name":"letsgo8","avatar":"https://static.tigerbbs.com/cfa8cd71bc61e78a08bb731667341ac4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575378189904678","authorIdStr":"3575378189904678"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108865433","repostId":2132438598,"repostType":4,"repost":{"id":"2132438598","kind":"highlight","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"us","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&amp;P 500 index&nbsp;and Nasdaq Composite&nbsp;both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average&nbsp;ended the week down 0.5%, while the S&amp;P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&amp;P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed&nbsp;a 21.1% rise in personal income&nbsp;in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy&nbsp;grew at a rapid 6.4% annual pace&nbsp;in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to&nbsp;allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000&nbsp;has outperformed the large-cap Russell 1000&nbsp;by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses&nbsp;were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","collect":0,"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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4205885,"gmtCreate":1620013459629,"gmtModify":1680786731418,"authorId":3581608528633395,"author":{"id":3581608528633395,"idStr":"3581608528633395","authorId":3581608528633395,"name":"林癸源","avatar":"https://community-static.tradeup.com/news/64ab6cd5db62119f730277b3a65da70c","vip":1,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108865433,"type":1,"supId":0,"prevId":0,"content":"<p>[微笑] </p>","text":"<p>[微笑] </p>","html":"<p>[微笑] </p>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":127,"commentSize":33,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}