Hints and tips:
...Between 2009 and 2023, such underperformance resulted in cumulative S&P 500 gains that were five times those of Euro Stoxx 50. Such US equity exceptionalism has not always been the case....
...Take US equities: investors now discount that the Fed is able to cut rates by nearly 1.5 percentage point, starting as early as March, helping to drive double-digit earnings growth next year in S&P 500 companies...
...Patterson will run this rodeo. NexTier’s owners will receive 0.752 shares of Patterson stock for each share they own....
...That compares with the S&P 500’s similar trailing p/e of 21.2, which is down only a touch from a pre-pandemic 22, according to Bloomberg data....
...The S&P 500 and the Nasdaq Composite each gained 0.4 per cent to close at their highest levels in about 20 months....
...“The decrease in the number of cuts in 2024 is one of the more telling changes this month,” said Andrew Patterson, senior economist at Vanguard....
...Market breadth, as measured by the number of S&P 500 stocks trading above their 300-day average, has broken above its long-term average. Small caps have outperformed large caps in the rally....
...Patterson....
...“This is not the first area where questions have been raised for investors considering the ‘S’ in ESG when it comes to Chinese technology companies,” he said....
...Stocks erased early gains, leaving the S&P 500 down 0.5 per cent at the closing bell. Additional reporting by Kate Duguid in New York...
...The median total senior executive remuneration, including salary, bonus, stock awards and option awards, is currently about £26mn at companies in the S&P 500, according to Refinitiv data based on annual...
...The S&P 500 stock index closed flat, while the technology-heavy Nasdaq Composite slipped 0.1 per cent....
...From 1980 onwards the US-born, Vienna-based author produced a string of subtle, mercurial fantasy novels, but 2014’s Bathing the Lion was his last full-length work until now....
...“It is, to me, a glaring market mispricing,” said Rebecca Patterson, head of investment strategy at Bridgewater Associates....
...In equities, Wall Street’s S&P 500 share index climbed for a third consecutive session, rising 0.7 per cent while the tech-dominated Nasdaq Composite climbed 1.3 per cent....
...“It is becoming clearer that the Russia-Ukraine conflict is having an impact on the demand for Russian oil,” said Warren Patterson, analyst at ING. “Buyers are increasingly reluctant to commit.”...
...That certainly proved to be true for the tech-heavy Nasdaq index, which has fallen about 14 per cent according to S&P Global. The S&P is about 4.5 per cent lower....
...“We have moved into a new phase of the pandemic,” said Rebecca Patterson, director of investment research at Bridgewater, adding that the jolt higher in stock markets had also been underpinned by signals...
...“Equities still have room to run in the near term, but [US] valuations are stretched to say the least,” said Andrew Patterson, senior economist at Vanguard....
...“Oil demand still appears pretty weak,” said Warren Patterson, head of commodities strategy at ING....
...The physical iron ore price has hit a record of almost $230 a tonne on Monday, according to S&P Global Platts....
...“The Fed will be extremely careful; they know what impact even small changes in language can have,” said Andrew Patterson, senior international economist at Vanguard....
...The CRO position is an unexpected next act at the $183bn tech group for Mr Patterson, who at 52 is one of the FTSE 100’s younger former chief executives....
...The S&P 500 on Tuesday traded at 21.2 times the expected 2021 earnings of the 500 companies that make up the index....
...Investors have flocked to NextEra mainly for its involvement in renewable energy, said Paul Patterson, analyst at Glenrock Associates....
International Edition