KHYAP
2021-10-20
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Fundstrat just hiked its S&P 500 price target -- here's why
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Bitcoin rallying to new highs is a signal of a strong risk-on environment. The strategists also argue COVID-19 is tracking better than consensus fears, and economic resilience remains strong.</p>\n<p>\"The future is uncertain. And financial markets are inherently unpredictable. Thus, one should view our S&P 500 target as merely a directional observation. That said, we believe a strong risk-on environment is underway. We do not think consensus is that bullish. We already know that investors got very pessimistic in September,\" they said.</p>\n<p>The improvement in market technicals, such as the clearing of the 50-day moving average, \"is actually suggesting that underlying trends are getting stronger.\"</p>\n<p>The price-to-earnings ratio of 21.9 times 2022 earnings isn't cheap per se, but is actually cheaper than the 23 price-to-yield multiple that high-yield bonds <a href=\"https://laohu8.com/S/JNK\">$(JNK)$</a> have.</p>\n<p>More specifically, the firm said automotive retail and trucking will benefit from a pro-cyclical environment and are reflationary trades as well. They highlighted 22 stocks from those sectors including O'Reilly Automotive <a href=\"https://laohu8.com/S/ORLY\">$(ORLY)$</a> and Saia <a href=\"https://laohu8.com/S/SAIA\">$(SAIA)$</a>, as well as homebuilders and energy, they see as technically the strongest.</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>Fundstrat just hiked its S&P 500 price target -- here's why</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\">\nFundstrat just hiked its S&P 500 price target -- here's why\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\">2021-10-20 16:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Fundstrat Global Advisors is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the more bullish outfits around, and the investment firm is now even more optimistic about the stock market.</p>\n<p>The firm raised its year-end price target for the S&P 500 to 4,800 from 4,700, which would be a 6% gain from Tuesday's close of 4,519.63.</p>\n<p>Strategists led by Tom Lee said such a rise is consistent with other rallies in 2021 following consolidations.</p>\n<p>The year-end seasonal pattern is strong after October, they noted. Bitcoin rallying to new highs is a signal of a strong risk-on environment. The strategists also argue COVID-19 is tracking better than consensus fears, and economic resilience remains strong.</p>\n<p>\"The future is uncertain. And financial markets are inherently unpredictable. Thus, one should view our S&P 500 target as merely a directional observation. That said, we believe a strong risk-on environment is underway. We do not think consensus is that bullish. We already know that investors got very pessimistic in September,\" they said.</p>\n<p>The improvement in market technicals, such as the clearing of the 50-day moving average, \"is actually suggesting that underlying trends are getting stronger.\"</p>\n<p>The price-to-earnings ratio of 21.9 times 2022 earnings isn't cheap per se, but is actually cheaper than the 23 price-to-yield multiple that high-yield bonds <a href=\"https://laohu8.com/S/JNK\">$(JNK)$</a> have.</p>\n<p>More specifically, the firm said automotive retail and trucking will benefit from a pro-cyclical environment and are reflationary trades as well. They highlighted 22 stocks from those sectors including O'Reilly Automotive <a href=\"https://laohu8.com/S/ORLY\">$(ORLY)$</a> and Saia <a href=\"https://laohu8.com/S/SAIA\">$(SAIA)$</a>, as well as homebuilders and energy, they see as technically the strongest.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SSO":"两倍做多标普500ETF","SAIA":"Saia Inc.","SH":"标普500反向ETF","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF","SPXU":"三倍做空标普500ETF","OEX":"标普100",".SPX":"S&P 500 Index","JNK":"债券指数ETF-SPDR Barclays高收益债","OEF":"标普100指数ETF-iShares","ORLY":"奥莱利","IVV":"标普500指数ETF","SDS":"两倍做空标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176892884","content_text":"Fundstrat Global Advisors is one of the more bullish outfits around, and the investment firm is now even more optimistic about the stock market.\nThe firm raised its year-end price target for the S&P 500 to 4,800 from 4,700, which would be a 6% gain from Tuesday's close of 4,519.63.\nStrategists led by Tom Lee said such a rise is consistent with other rallies in 2021 following consolidations.\nThe year-end seasonal pattern is strong after October, they noted. Bitcoin rallying to new highs is a signal of a strong risk-on environment. The strategists also argue COVID-19 is tracking better than consensus fears, and economic resilience remains strong.\n\"The future is uncertain. And financial markets are inherently unpredictable. Thus, one should view our S&P 500 target as merely a directional observation. That said, we believe a strong risk-on environment is underway. We do not think consensus is that bullish. We already know that investors got very pessimistic in September,\" they said.\nThe improvement in market technicals, such as the clearing of the 50-day moving average, \"is actually suggesting that underlying trends are getting stronger.\"\nThe price-to-earnings ratio of 21.9 times 2022 earnings isn't cheap per se, but is actually cheaper than the 23 price-to-yield multiple that high-yield bonds $(JNK)$ have.\nMore specifically, the firm said automotive retail and trucking will benefit from a pro-cyclical environment and are reflationary trades as well. They highlighted 22 stocks from those sectors including O'Reilly Automotive $(ORLY)$ and Saia $(SAIA)$, as well as homebuilders and energy, they see as technically the strongest.","news_type":1},"isVote":1,"tweetType":1,"viewCount":312,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/859464312"}
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