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2021-08-31

The S&P 500 is headed for 5,000, says UBS. Here's the when and how.

On the last trading day of August, stock futures are pointing higher as markets look past downbeat e

The S&P 500 is headed for 5,000, says UBS. Here's the when and how.

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Here's the when and how.","url":"https://stock-news.laohu8.com/highlight/detail?id=2163185185","media":"Dow Jones","summary":"On the last trading day of August, stock futures are pointing higher as markets look past downbeat e","content":"<p>On the last trading day of August, stock futures are pointing higher as markets look past downbeat economic news from China and continued COVID-19 contagion worries. It's all part of a relentless march higher for stocks that barely paused this summer.</p>\n<p>\"The S&amp;P 500 has posted at least 1 new closing high every week since the week of June 7, 2021, 13 weeks in a row. August 2021 has posted 12 new closing highs in the 21 trading days, with <a href=\"https://laohu8.com/S/AONE.U\">one</a> day left to go,\" noted Howard Silverblatt, senior index analyst at S&amp;P Dow Jones Indices.</p>\n<p>\"Year-to-date the index has posted 53 new closing highs, and is tied for the 4 highest in index history (from 1926),\" added Silverblatt, who added that even if the market seems wacky, \"if you're not in it, you're nuts, and most likely out of a job (keep your finger on the button).\"</p>\n<p>Our call of the day from UBS's chief investment officer Mark Haefele, sees the S&amp;P 500 is on a solid path to another big milestone -- 5,000. That's his end-2022 goal, while the bank sees the index reaching 4,600 by the end of this year.</p>\n<p>\"The S&amp;P 500 has broken above 4,500 for the first time, taking gains for 2021 to over 20%. This might seem surprising given the recent run of negative news, including disappointing U.S. consumer data and a continual rise in COVID-19 infections. But we believe that the momentum toward reopening and recovery is intact and that there is further upside to equities,\" Haefele told clients in a note.</p>\n<p>He rattles off a list of supportive factors, including a fifth-straight quarter of robust results with more than 85% of companies beating second-quarter earnings and sales estimates; aggregate corporate profits up nearly 90% from year-ago levels; earnings nearly 30% higher than pre-pandemic levels; and revenue growth so robust it's overwhelming cost pressures.</p>\n<p>\"We believe cost pressures for businesses should subside as supply begins to catch up. In addition, consumers' balance sheets are at their strongest in decades due to the significant buildup in household savings over the past year, and retailers will continue to restock to keep up with demand,\" said Haefele.</p>\n<p>Show us the stocks? \"With the economic recovery broadening, we expect cyclical sectors, including energy and financials, to take the lead,\" he added.</p>\n<p><b>The chart</b></p>\n<p>Thomas Lee, founder of Fundstrat Global Advisors, notes that history is on the side of a strong September when markets see an equally upbeat first half.</p>\n<p>That's even as investors worry about \"overbought\" markets due for a pullback and stats showing September returns since 1928 have been down about 0.1%. In a note to clients, Lee counters that seasonality factors change when a first half is strong -- the first six months of 2021 saw a more than 13% gain, the 10th best since 1928.</p>\n<p>That should mean a stronger September than expected and an intact \"everything rally.\" Here's his chart:</p>\n<p><img src=\"https://static.tigerbbs.com/7ee49b4bca8dd1180df5c66c2370394f\" tg-width=\"700\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></p>","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>The S&P 500 is headed for 5,000, says UBS. Here's the when and how.</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\">\nThe S&P 500 is headed for 5,000, says UBS. Here's the when and how.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-08-31 22:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>On the last trading day of August, stock futures are pointing higher as markets look past downbeat economic news from China and continued COVID-19 contagion worries. It's all part of a relentless march higher for stocks that barely paused this summer.</p>\n<p>\"The S&amp;P 500 has posted at least 1 new closing high every week since the week of June 7, 2021, 13 weeks in a row. August 2021 has posted 12 new closing highs in the 21 trading days, with <a href=\"https://laohu8.com/S/AONE.U\">one</a> day left to go,\" noted Howard Silverblatt, senior index analyst at S&amp;P Dow Jones Indices.</p>\n<p>\"Year-to-date the index has posted 53 new closing highs, and is tied for the 4 highest in index history (from 1926),\" added Silverblatt, who added that even if the market seems wacky, \"if you're not in it, you're nuts, and most likely out of a job (keep your finger on the button).\"</p>\n<p>Our call of the day from UBS's chief investment officer Mark Haefele, sees the S&amp;P 500 is on a solid path to another big milestone -- 5,000. That's his end-2022 goal, while the bank sees the index reaching 4,600 by the end of this year.</p>\n<p>\"The S&amp;P 500 has broken above 4,500 for the first time, taking gains for 2021 to over 20%. This might seem surprising given the recent run of negative news, including disappointing U.S. consumer data and a continual rise in COVID-19 infections. But we believe that the momentum toward reopening and recovery is intact and that there is further upside to equities,\" Haefele told clients in a note.</p>\n<p>He rattles off a list of supportive factors, including a fifth-straight quarter of robust results with more than 85% of companies beating second-quarter earnings and sales estimates; aggregate corporate profits up nearly 90% from year-ago levels; earnings nearly 30% higher than pre-pandemic levels; and revenue growth so robust it's overwhelming cost pressures.</p>\n<p>\"We believe cost pressures for businesses should subside as supply begins to catch up. In addition, consumers' balance sheets are at their strongest in decades due to the significant buildup in household savings over the past year, and retailers will continue to restock to keep up with demand,\" said Haefele.</p>\n<p>Show us the stocks? \"With the economic recovery broadening, we expect cyclical sectors, including energy and financials, to take the lead,\" he added.</p>\n<p><b>The chart</b></p>\n<p>Thomas Lee, founder of Fundstrat Global Advisors, notes that history is on the side of a strong September when markets see an equally upbeat first half.</p>\n<p>That's even as investors worry about \"overbought\" markets due for a pullback and stats showing September returns since 1928 have been down about 0.1%. In a note to clients, Lee counters that seasonality factors change when a first half is strong -- the first six months of 2021 saw a more than 13% gain, the 10th best since 1928.</p>\n<p>That should mean a stronger September than expected and an intact \"everything rally.\" Here's his chart:</p>\n<p><img src=\"https://static.tigerbbs.com/7ee49b4bca8dd1180df5c66c2370394f\" tg-width=\"700\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","OEF":"标普100指数ETF-iShares","OEX":"标普100",".SPX":"S&P 500 Index","SPY":"标普500ETF","SSO":"两倍做多标普500ETF","IVV":"标普500指数ETF","MRNA":"Moderna, Inc.","SPXU":"三倍做空标普500ETF","UPRO":"三倍做多标普500ETF","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163185185","content_text":"On the last trading day of August, stock futures are pointing higher as markets look past downbeat economic news from China and continued COVID-19 contagion worries. It's all part of a relentless march higher for stocks that barely paused this summer.\n\"The S&P 500 has posted at least 1 new closing high every week since the week of June 7, 2021, 13 weeks in a row. August 2021 has posted 12 new closing highs in the 21 trading days, with one day left to go,\" noted Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.\n\"Year-to-date the index has posted 53 new closing highs, and is tied for the 4 highest in index history (from 1926),\" added Silverblatt, who added that even if the market seems wacky, \"if you're not in it, you're nuts, and most likely out of a job (keep your finger on the button).\"\nOur call of the day from UBS's chief investment officer Mark Haefele, sees the S&P 500 is on a solid path to another big milestone -- 5,000. That's his end-2022 goal, while the bank sees the index reaching 4,600 by the end of this year.\n\"The S&P 500 has broken above 4,500 for the first time, taking gains for 2021 to over 20%. This might seem surprising given the recent run of negative news, including disappointing U.S. consumer data and a continual rise in COVID-19 infections. But we believe that the momentum toward reopening and recovery is intact and that there is further upside to equities,\" Haefele told clients in a note.\nHe rattles off a list of supportive factors, including a fifth-straight quarter of robust results with more than 85% of companies beating second-quarter earnings and sales estimates; aggregate corporate profits up nearly 90% from year-ago levels; earnings nearly 30% higher than pre-pandemic levels; and revenue growth so robust it's overwhelming cost pressures.\n\"We believe cost pressures for businesses should subside as supply begins to catch up. In addition, consumers' balance sheets are at their strongest in decades due to the significant buildup in household savings over the past year, and retailers will continue to restock to keep up with demand,\" said Haefele.\nShow us the stocks? \"With the economic recovery broadening, we expect cyclical sectors, including energy and financials, to take the lead,\" he added.\nThe chart\nThomas Lee, founder of Fundstrat Global Advisors, notes that history is on the side of a strong September when markets see an equally upbeat first half.\nThat's even as investors worry about \"overbought\" markets due for a pullback and stats showing September returns since 1928 have been down about 0.1%. In a note to clients, Lee counters that seasonality factors change when a first half is strong -- the first six months of 2021 saw a more than 13% gain, the 10th best since 1928.\nThat should mean a stronger September than expected and an intact \"everything rally.\" Here's his chart:","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}