Tech News, Magazine & Review WordPress Theme 2017
  • Supply Chain Updates
  • GLOBAL NEWS
  • REGIONAL NEWS
  • Industry Buzz
  • CURRENT ISSUES
No Result
View All Result
  • Supply Chain Updates
  • GLOBAL NEWS
  • REGIONAL NEWS
  • Industry Buzz
  • CURRENT ISSUES
No Result
View All Result
United States Supply Chain Management Council
No Result
View All Result
Home Supply Chain Updates

S&P 500 notches 5 weeks of gains—and experts are split on what’s ahead

usscmc by usscmc
November 8, 2019
S&P 500 notches 5 weeks of gains—and experts are split on what’s ahead
Share on FacebookShare on Twitter

A spike in trade tensions wasn’t enough to tank stocks Friday.

Instead, the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indexes all closed at record highs despite a hiccup in the trade progress that helped drive the S&P to a fifth straight week of gains.

Experts are still split on what’s next for stocks, particularly considering the apparent disagreement between the White House and Chinese trade authorities over a potential rollback of tariffs.

Here’s what three of them are watching:

Margaret Patel, senior portfolio manager for the multi-asset solutions team at Wells Fargo Asset Management, said there are more important things to watch than the trade tiff:

“I think trade is really a very minor effect as far as corporate earnings or GDP — a tenth of a percent or something. What’s much more important is the underlying economic growth and how U.S. companies are positioned, and they really have, in my opinion, never been positioned better. So, I think that the optimists are going to be rewarded over the balance of the year and the market is going to surprise on the upside in spite of these uncertainties.”

Greg Boutle, U.S. head of equity and derivative strategy at BNP Paribas, actually saw more downside risks than upside catalysts:

“The market’s become much more optimistic about a trade deal and potentially tariff rollbacks, so I actually see the risk from trade now more asymmetric and more potentially to the downside. … Similarly, with growth, the market — certainly when you look at earnings estimates — is expecting a strong rebound into next year and further quarter[s]. We’ve just seen … the lows in terms of corporate earnings growth, so, again, I think the risk to those estimates are on the downside, not the upside.”

J.P. Morgan Asset Management’s Ben Mandel, a global strategist at his firm’s multi-asset solutions group, said the market’s overall layout seems to be slowly changing:

“For us, we’ve put a lot of emphasis on earnings and the fact that, when you look out into 2020, the expectations for earnings seem unrealistic. We haven’t really changed that. I mean, the contour of earnings is not that much better, and we just think that we’re in a situation where if you have stabilizing growth and lower recession risk, markets will sort of look through the downgrade cycle that we expect to come through for 2020. Of course, if you actually get a change in that, so, if there is a material change to our outlook — which is for a very slow, gradual acceleration in growth over the coming quarters back to trend — if you actually get some upside surprise to that and your earnings expectations themselves change, that’s when I think you’re opening up sort of a new era of upside risk. We’re not quite there yet, we’re just less defensive.”

Disclaimer

usscmc

usscmc

Recommended.

Low Mortgage Rates Igniting Homebuyers, But Inventory Is Tight

Low Mortgage Rates Igniting Homebuyers, But Inventory Is Tight

June 29, 2020
Energy Dept. Plans Procurement for Rad Waste Interim Storage Design – ExchangeMonitor

Energy Dept. Plans Procurement for Rad Waste Interim Storage Design – ExchangeMonitor

March 9, 2020

Trending.

Here’s why dozens of cargo ships are parked for days off Long Beach’s coast • Long Beach Post News

Here’s why dozens of cargo ships are parked for days off Long Beach’s coast • Long Beach Post News

January 16, 2021
Port Delays Leave Cargo Ships Stranded off U.S. Pacific Gateways

Port Delays Leave Cargo Ships Stranded off U.S. Pacific Gateways

January 14, 2021
Teamsters rush to end strike as support grows for Hunts Point warehouse workers in New York City

Teamsters rush to end strike as support grows for Hunts Point warehouse workers in New York City

January 22, 2021
Creek Fire spurs citizens group to support forest management

Creek Fire spurs citizens group to support forest management

January 24, 2021
Top 5 Globally Recognized Supply Chain Certifications

Top 5 Globally Recognized Supply Chain Certifications

January 24, 2021
United States Supply Chain Management Council

Categories

  • Global News
  • Supply Chain Updates

Tags

APICS Globally Recognized Supply Chain Certifications IIPMR Certifications International Institute for Procurement and Market Research (IIPMR) ISM Next Level Purchasing Top 5 Supply Chain Certifications top supply chain certifications

Trending

Low interest rates, shortage of inventory driving forces behind Dothan housing market boom

Last Mile Delivery Market Provides In-Depth Analysis of the Industry, With Current Trends and Future Estimations to Elucidate The Investment Pockets

Irregularities In Paddy Procurement: 15 PACS Secys Suspended, Data Entry Operator Dismissed

Global Warehouse Automation Market Report 2021: Strategies, Trends & Opportunities 2020-2025 – Press Release

  • Privacy Policy
  • Terms of Use
  • Antispam
  • Disclaimer
  • Contact Us

© 2021 www.usscmc.com

No Result
View All Result
  • Supply Chain Updates
  • GLOBAL NEWS
  • REGIONAL NEWS
  • Industry Buzz
  • CURRENT ISSUES

© 2021 www.usscmc.com

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.