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...The average value of semiconductors per car is forecast to rise from $700 in 2020 to $1,138 by 2028, according to S&P Global Mobility....
...by Daniel Chandler (Allen Lane) Chandler is an economist and philosopher at the London School of Economics....
...In the US S&P 500, three out of the 10 companies targeted by climate-related shareholder proposals for the 2023 AGM season have been insurers....
...) When in Rome, do as the Romans do . . . which means heading to an open-air concert at Villa Ada....
...“The flare-up of the virus means more stimulus, lower interest rates for longer and therefore less demand for the dollar,” said Marc Chandler, chief market strategist at Bannockburn Global Forex....
...In the US, the S&P 500 stock index has returned 28.5 per cent so far this year, nearing the 29.6 per cent growth recorded in 2013. But progress towards that milestone took a knock on Monday....
...In contrast, the energy weighting for the S&P 500 is less than 3 per cent and falls towards 1 per cent for the S&P 400 index of mid-caps and S&P 600 index of smaller companies....
...Last week S&P Global Ratings revised down its growth forecast for China to 5 per cent from 5.7 per cent due to the virus....
...Now I certainly did not think back in March that the S&P 500 would be positive for the year as soon as June....
...Assuming bond yields climb modestly to 1.5%, the S&P 500 forward P/E will equal 19.4x and the S&P 500 will trade at 3400 (+9%), as lower bond yields offset lower earnings....
...But as Marc Chandler at Bannockburn Global Forex reminds us: “It is important to remember that among the biggest rallies take place in bear markets.”...
...Marc Chandler at Bannockburn Global Forex observes: “There is little evidence that Chinese officials are seeking to express their frustration with the escalation of US rhetoric over the virus or Taiwan...
...was BBB is the average credit quality among S&P companies”....
...As Marc Chandler at Bannockburn Global Forex quips: “The ‘art of the deal’ seems to be an expensive way to return to the status quo ante....
...In that regard, Marc Chandler at Bannockburn Global Forex makes the point that further strength in the renminbi risks offsetting easier monetary policy from Beijing....
...San Francisco-based Ada Diamonds said on its website that its diamonds were “sustainable, vegan and eco-friendly”....
...Marc Chandler at Bannockburn Global Forex says “we find much value in the concept of affirmation through negation”....
...In the S&P 500 and the Euro Stoxx 600 indices, previously unloved sectors such as energy, banks and industrials have enjoyed substantial rallies....
...In 2012 the average forward price-to-earnings ratio for the S&P 500 was 12 times and in 2016, the ratio was 16.5 times (where the S&P currently trades)....
...Furthermore, earning season looms as a test for Wall Street and hopes of the S&P 500 cracking the 3,000-points barrier....
...Rating agencies have been pushing UTX to work off debt in the wake of its $30bn acquisition of Rockwell Collins, which last year prompted rating downgrades by Moody’s and S&P Global....
...Marc Chandler at Bannockburn Global Forex says: “US President Trump’s willingness to walk away from the talks is important in and of itself, but it also sends a warning not to go all in on a US-China trade...
...Some like Marc Chandler at Bannockburn Global Forex think the devaluation card is a step too far for Beijing and says there are other ways to frustrate the US....
...Marc Chandler at Bannockburn Global Forex reminds us: “This is not always how China plays its hand....
...Marc Chandler at Bannockburn Global Forex sums up sentiment across markets: “China and the US appear to be digging as if the trade tensions will remain for some time and the breach is beginning to look...
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