The wind is about to shift for the US stock market, if history is any guide, says Bank of America Corp.
With equities in the “recovery” phase of the business cycle, this year’s laggards — including value and small-capitalization stocks — are primed to outperform, upending the growth, large-cap leadership that has dominated 2023’s bull run, according to strategists led by Savita Subramanian.
Historically, such phases of the cycle have favored financials, industrials, and materials, while utilities, health care and staples have tended to underperform, BofA said. The firm’s model tracks inputs including inflation, gross domestic product forecasts, the 10-year Treasury yield and various manufacturing data.
Bank of America’s view contrasts with that of Morgan Stanley, whose bearish chief US equity strategist Mike Wilson said earlier Monday that investors should focus on a “late-cycle portfolio” of defensive stocks, including industrials, health care and energy. Wilson’s pessimistic view has so far failed to materialize this year after he correctly called 2022’s stock market rout.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Unveiling the Ethereum elite: Top addresses, market cap and price trendsUnveiling Ethereum's elite addresses – Binance and Grayscale dominate, but their combined wealth pales beside ETH's market cap. Will the bear trend persist?
Lire la suite »
Philippines May Scrap Rice Price Cap Soon as Harvest StartsThe Philippine government may lift a ceiling on rice prices in two weeks as local harvests start to come in, Trade Secretary Alfredo Pascual said.
Lire la suite »
Why a foreign student cap would be ‘disastrous’ for CanadaThe federal government says a cap on foreign student visas could help ease the housing crisis, but it could also be disastrous for some colleges and universities. CBC’s Ellen Mauro breaks down how and why so many Canadian schools rely on those lucrative international tuition fees.
Lire la suite »
Philippines May Scrap Rice Price Cap Soon as Harvest Starts(Bloomberg) -- The Philippine government may remove the ceiling on rice prices in two weeks as local harvests start to come in, Trade Secretary Alfredo Pascual said.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of Failed Crypto Exchange Gets 11,000-Year Sentenc
Lire la suite »
| Morocco earthquake rescue + Foreign students capMore than 2,000 people have been killed in Morocco's most powerful earthquake in a century. CBC’s Chris Brown is on the ground in Marrakech and breaks down what’s expected in the next crucial 48 hours. Plus, why a cap on foreign student visas would be ‘disastrous’ for Canada’s colleges and universities.
Lire la suite »
Tesla supercomputer could boost EV maker's market cap by $600 billion -Morgan Stanley(Reuters) - Tesla's supercomputer, Dojo, to train AI models for autonomous cars could give the electric vehicle maker an
Lire la suite »