RJ291220
2021-04-15
The road to to recovery👍
Strategist: Don’t be surprised to see double-digit retail sales growth
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Economists polled by Dow Jones Newswires and The Wall Street Journal expect a 6.1% surge.</p>\n<p>Schulze pointed out the $600 checks received in December lifted January retail sales by 8%. “This stimulus package was 2.5 times that size,” he said.</p>\n<p>He said the U.S. will achieve herd immunity sometime in the second quarter. “And when herd immunity is achieved, it’s going to unleash a tsunami of consumer spending,” he said.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee9004cd741c8262debd77a5dad9a023\" tg-width=\"1260\" tg-height=\"596\"><span>FACTSET/CLEARBRIDGE INVESTMENTS</span></p>\n<p>Valuations of stocks, he argues, aren’t stretched. “If anything, analysts are expecting too little earnings growth in 2021 and 2022,” he said. Analysts were behind the curve in the second, third and fourth quarters of 2020, and he expects further upward earnings revisions to come.</p>\n<p>That said, he pointed out that markets are often volatile in the second year following a bear market low. 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Economists polled by Dow Jones Newswires and The Wall Street Journal expect a 6.1% surge.\nSchulze pointed out the $600 checks received in December lifted January retail sales by 8%. “This stimulus package was 2.5 times that size,” he said.\nHe said the U.S. will achieve herd immunity sometime in the second quarter. “And when herd immunity is achieved, it’s going to unleash a tsunami of consumer spending,” he said.\nFACTSET/CLEARBRIDGE INVESTMENTS\nValuations of stocks, he argues, aren’t stretched. “If anything, analysts are expecting too little earnings growth in 2021 and 2022,” he said. Analysts were behind the curve in the second, third and fourth quarters of 2020, and he expects further upward earnings revisions to come.\nThat said, he pointed out that markets are often volatile in the second year following a bear market low. 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