Bull Market Should Run Another 3 Years: Goldman

Goldman Sachs says the bull market in U.S. stocks should continue for another three years. In its latest market outlook, Chief U.S. Equity Strategist David Kostin is forecasting a 15% gain in the S&P 500 over that period with a target of 3,100 by the end of 2020 and a 7% gain in the index this… Please follow and like us:

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Amid Euphoria In US, European Equity Managers Still Very Cautious

While US investors seem to be bullish on the outlook for equities, it seems European equity managers are more cautious on the outlook for stocks in the year ahead. Earlier this week, Bank of America issued its weekly client flow trends report, which showed that private clients purchased a net $1.3 billion of stocks last week… Please follow and like us:

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Goldman: Investor Animal Spirits Will Continue To Drive Stocks

As 2017 draws to a close, Goldman Sachs’ Top of Mind research newsletter takes a look back at the trends that have shaped this year in its December issue. The continued bull market has been one of the stand-out trends of 2017. Heading into the year, few analysts were predicting further gains, as President Trump’s mixed… Please follow and like us:

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It Ain’t Over Till It’s Over: 4 Trends Driving REIT Valuations

It has been an eight-year run for equity real estate investment trusts, returning almost 450% to investors, or roughly 20% per year. The broader equity market has also been on a tear, returning roughly 350% during the same period. Relatively easy monetary policy persists, credit spreads remain tight and the U.S. economic expansion is almost 100… Please follow and like us:

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Will The Oil Industry Listen To Investors?

“Is the oil industry ready to give investors what they want?” asks a new research note from equity analysts at Sanford C Bernstein. After nearly three years of industry instability, as the price of oil has remained depressed, oil majors have cut costs and mega projects have been put on ice, is the industry finally ready… Please follow and like us:

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Stock Buybacks Trending Lower, Except Among Financials

The latest US Federal Reserve data confirms a decided 2017 trend: Stock buybacks are generally trending down. The latest data from the Fed confirms several data points, including that from TrimTabs and Yardeni research. But there appears to be one dissenter to the trend: financial stocks. Get The Timeless Reading eBook in PDF Get the entire… Please follow and like us:

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Why Long/Short Equity Makes Sense Now

It’s easy to argue that investment flexibility is needed now more than ever. New market highs and stretched valuations, ongoing nonsense in Washington and a less accommodative Fed could be detrimental to even the best laid investment plans. That’s among the reasons long/short equity is by far the largest of the single-strategy alternative mutual fund categories… Please follow and like us:

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Technology Stocks As A Proxy For Market Risk

Question = Can you explain the rationale behind many technology company valuations and recently sharp price moves upward notwithstanding the recent sell-off? Especially interested in FAAANG-CMT? Get The Full Macro Investing Series in PDF Get the entire 10-part series on Macro Investing in PDF. Save it to your desktop, read it on your tablet, or email… Please follow and like us:

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IndexIQ Lowers Fees for 3 Currency-Hedged ETFs: Portfolio Products

IndexIQ announced that it lowered the total expense ratio for its suite of 50% currency-hedged international equity ETFs as of July 12. The names and tickers of the funds with reduced fees (after fee waiver and expense limitation) include: IQ 50 Percent Hedged FTSE International ETF (HFXI), IQ 50 Percent Hedged FTSE Europe ETF (HFXE) and… Please follow and like us:

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US Household Leverage The Lowest In 14 Years, As Corporations Lever Up

In the run-up to the Financial Crisis, household debt as a share of disposable income in the United States reached significant highs. Most of this debt came from mortgages, and during the housing boom, mortgage debt outstanding soared to records. The extent of people financing their homes through leverage is what caused this debt binge. When… Please follow and like us:

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