![]() ![]() The current market and the next couple of months will present a lot of opportunities on downturns to scoop up quality companies for future returns," said Jablonski. "There is no rush to jump into the market, but as evidenced by July, rebounds sneak up on us and they tend to be quick and powerful. "I think the stock market could explode to the upside when the Fed raises key interest rates on September 21st, since that could be the last rate hike." "No, you could get buried in a short squeeze if you short at this time," said Navellier. ![]() Is it advisable to short stocks at this point? "Dividend stocks have been the best oasis since the market peaked on November 19th ," said Louis Navellier, chief investment officer of asset manager Navellier & Associates.Ī pump jack operates at sunset in an oil field in Midland, Texas U.S. In fact sales growth has been better than the US in Q2,” added Mallik. “The earnings have been very strong in Europe. Which means there could be some positive surprise from the ECB ,” he said. “In Europe’s case, financial conditions are extremely tight. He also highlights incremental exposure to European assets relative to the US. We just think it’s a hedge against anything bad happening,“ says chief investment strategist Gaurav Mallik of State Street Global Advisors. “Our single largest active overweight call remains to be in cash and commodities. Some strategists are keeping cash on the sidelines, and leaning into commodities. “I would stay away from new tech like some of the pure growth types of trades that do not stand up in terms of balance sheet, and will be hurt by higher rates,” Jablonski said, citing examples such as Peloton ( PTON), Roku ( ROKU), Zoom ( ZM). Customers shop for new Apple iPhones at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan in New York City, New York, U.S., March 18, 2022. ![]()
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