Hints and tips:
...Futures contracts tracking the blue-chip S&P 500 rose 0.5 per cent today, while the equivalent for the tech-heavy Nasdaq jumped 1 per cent....
...The S&P 500 hit an intraday record of 2,403.87 early on Tuesday before dipping in the afternoon while both the Nasdaq Composite and Nasdaq 100 indices closed at fresh highs....
...“The market rally appears to incorporate a positive earnings impact from as yet loosely defined Trump fiscal policy plans,” said Alan Gayle, director of asset allocation at RidgeWorth Investments....
...“That is a risk, but I don’t think this is a five-stock market,” Mr Gayle said....
...“Dollar strength is likely to be a headwind for the large multinationals represented in the S&P 500.”...
...The S&P 500 healthcare sector has fallen by 1.1 per cent since election day, trailing the broader benchmark that has risen by 4.8 per cent over the same timeframe....
...“The Brexit vote made the smart money look pretty dumb,” Mr Gayle says....
...The S&P 500 is on its longest losing streak since 1980, down for nine straight days....
...However, the S&P 500 traded more haltingly and only gained 0.2 per cent, while the Nasdaq Composite slumped 0.8 per cent on Thursday....
...UK to leave the EU — and the potential fallout for the US dollar, the global economy and interest rates — has cast doubt on whether those expectations will bear out. ”It is a twofold impact,” says Alan Gayle...
...“Sentiment has stabilised recently,” Mr Gayle said. “The negative revisions I don’t think have really sunk in....
...As Alan Gayle, director of asset allocation at Atlanta-based RidgeWorth Investments, which manages $38bn, puts it: “Cheap is enticing, but as we all know, cheap can get cheaper.”...
...“We are going to want tech to participate in any rally,” says Alan Gayle, director of asset allocation at RidgeWorth Investments....
...“We have had a nice rebound in the industrials, but I think the jury is still out,” said Alan Gayle, director of asset allocation at RidgeWorth Investments....
...For the ranks of S&P 500 blue-chip companies, much depends on whether signs of better growth prospects in the US can offset a slowing global economy....
...“Investors are losing patience,” says Alan Gayle, director of asset allocation at RidgeWorth Investments. “They are worried about the same things in 2016 as 2015....
...With nearly all S&P 500 companies having reported results for the third quarter, revenues for those in the index fell 3.7 per cent year on year, marking the third consecutive decline, according to FactSet...
...“For those waiting for a pullback — this would be a good opportunity to dip your toe in the water,” Mr Gayle says....
...And oil prices have started to move higher and there is the potential that they have bottomed,” said Alan Gayle, senior investment strategist at RidgeWorth Investments....
...(FT) The crisis of black fatherhood Paul Gayle, 19 and unemployed, lives in Milwaukee and struggles to raise his seven-month-old daughter....
...“The economic news suggests that the economy is bottoming but the turn is going to be slow,” said Alan Gayle, senior investment strategist at RidgeWorth Investments....
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