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☆ S&P 500 to fall 500 points and getting to 2% inflation soon is 'pipe dream,' Stifel says
▼ + stars: | 2024-05-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Stifel Financial is predicting a rough road ahead for the S & P 500 . The investment bank forecasts the benchmark stock index will tumble about 500 points to 4,750 in the second or third quarter — a correction of roughly 10%. "As a result, the sustained 2% Core PCE inflation the Fed seeks is a pipe dream." Stifel's inflation model shows a jump in core personal consumption expenditures to just over 3% in the second half of this year. The S & P 500 is up about 9.5% year to date.

Persons: Barry Bannister, Bannister Organizations: PCE

☆ The market is recovering from a 'pseudo-recession', says Stifel's Barry Bannister
▼ + stars: | 2024-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is recovering from a 'pseudo-recession', says Stifel's Barry BannisterBarry Bannister, Stifel chief equity strategist, joins 'Squawk Box' to discuss the latest market trends, why he's cautious on the market this year, the Fed's interest rate outlook, why he favors value over growth stocks, and more.

Persons: Stifel's Barry Bannister Barry Bannister

☆ Bitcoin’s peak could be a harbinger of a stock market top next, Stifel says
▼ + stars: | 2024-04-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

"Bitcoin & Nasdaq 100 reflect the speculative fever fostered by cheap money after dovish Fed pivots, such as occurred 4Q 2023," Bannister said. Shortly after, on March 28, the S & P 500 reached a new intraday all-time high . .SPX YTD mountain S & P 500, YTD If was indeed its peak, that could mean a weaker Nasdaq 100 for six months, Bannister said. Additionally the S & P 500, which is cap weighted, could struggle against the equal-weight S & P 500 for about six months. "When the equal-weighted S & P 500 out-performs the S & P 500, then value tends to out-perform growth," he said.

Persons: Barry Bannister, Bannister, Bitcoin, — CNBC's Michael Bloom Organizations: Big Tech, Nasdaq, Big Tech Nasdaq

☆ Stifel says the S&P 500 to top out soon, still stuck in a secular bear market
▼ + stars: | 2023-12-04 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The broad market index ended Friday at 4,594.63, its highest close for 2023. .SPX YTD mountain S & P 500 in 2023 Year to date, the broad market index is up nearly 19%, fueled primarily by large-cap tech names like Meta and Nvidia . He also noted that the market faces bleak prospects going into the early 2030s, expecting a range-bound S & P 500 in real terms" as investors navigate a secular bear market. "The CPI inflation-adjusted S & P 500 peaked near 5,300 in Dec-2021 and has been lower since, which is characteristic of a decade-long Secular Bear Market featuring a flattish/range bound market," Bannister said. As the market growth story shifts to cyclical growth, Bannister says the previous "high level of returns … is gone for a generation."

Persons: Barry Bannister, Bannister, Michael Bloom Organizations: Nvidia

☆ Asking prices of UK homes fall by most in five years, Rightmove says
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 13 (Reuters) - Asking prices for homes in Britain have fallen at their fastest pace in five years for the time of year, property website Rightmove said on Monday, underscoring how rising borrowing costs have caused a housing market slowdown. Average asking prices for homes fell by 1.7% between Oct. 8 and Nov. 4, a bigger fall than is typical for the pre-Christmas period, Rightmove said. "Buyers are still out there, but for many their affordability is much reduced due to higher mortgage rates," Rightmove director Tim Bannister said. Rightmove said asking prices were 3% below May's peak while agreed sales were 10% below their pre-pandemic level in 2019, a less severe fall than in the month to early October. There were signs that the shortage of homes for sale was easing with properties for sale only 1% behind their 2019 level, it said.

Persons: Rightmove, Tim Bannister, William Schomberg, Andy Bruce Organizations: Bank of England, Thomson Locations: Britain

☆ Expect the S&P to top out at 4400 at year-end: Stifel's Barry Bannister
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect the S&P to top out at 4400 at year-end: Stifel's Barry BannisterBarry Bannister, Stifel chief equity strategist, and CNBC's Mike Santoli join 'Power Lunch' to discuss the macro environment in the markets and more.

Persons: Stifel's Barry Bannister Barry Bannister, Mike Santoli

☆ Google might have to delay its plan to kill tracking cookies until 2025, ad industry experts believe
▼ + stars: | 2023-11-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

There are growing rumblings within the ad industry that Google won't be able to get rid of third-party tracking cookies until 2025 at the earliest. It has since delayed that plan twice to give the ad industry more time to prepare, but has repeatedly said it's on track for a fourth-quarter, 2024 cookie expiry date. "It's a mess," said one ad industry executive speaking on condition of anonymity in order to talk freely about the process. The CMA's latest Privacy Sandbox update listed various concerns from various constituents about the proposals. Despite some skepticism that Google can hit its 2024 deadline, many in the ad industry just want to move past third-party cookies after almost four years in limbo.

Persons: James Rosewell, Rosewell, Achim Schlosser, there's, —, Paul Bannister, Bannister, Mathieu Roche Organizations: Google, UK's, Markets Authority, CMA, Movement, European netID Foundation, Publishers, Yahoo

☆ The Final Push for a Sub-Two Hour Marathon Is Here
▼ + stars: | 2023-11-04 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

Kelvin Kiptum lowered the men’s marathon world record by a whopping 34 seconds at the Chicago Marathon in early October. It’s the next 36 seconds, however, that loom larger in the sport as it chases a historic milestone: a sub-two hour marathon. The two-hour mark is to the marathon what a four-minute mile was before Roger Bannister broke the barrier in 1954. Both milestones are arbitrary—they possess the allure of a nice round number—yet the pursuit of them has propelled athletes to change their approach to running.

Persons: Kelvin Kiptum, It’s, Roger Bannister Organizations: Chicago Marathon

☆ Stifel says the S&P 500 will keep climbing 'wall of worry' to hit 4,400, gives 10 stocks to play rally
▼ + stars: | 2023-11-02 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The S & P 500 can rise to 4,400 by the end of the year as near-term recession talk proves unfruitful, according to Stifel. "We see no imminent U.S. recession as the S & P 500 climbs the proverbial Wall of Worry," Bannister wrote to clients in a note. .SPX YTD mountain The S & P 500 this year The average market strategist expects the S & P 500 to finish 2023 at 4,358, according to a CNBC Pro survey. That's because there's too much fear in the market, with the S & P 500 at one point moving into correction territory. Avoiding a recessionary-level slowdown for the ISM PMI would imply upside for the S & P 500 over the next six months, he said.

Persons: Barry Bannister, Bannister, outperformance, —, Michael Bloom Organizations: CNBC, ISM, PMI, Federal Reserve Locations: Wednesday's

☆ Asking prices of UK homes show smallest October rise since 2008
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 16 (Reuters) - Asking prices for homes in Britain have risen at their slowest pace for the time of year since 2008, property website Rightmove said on Monday in a latest sign of how the climb in borrowing costs has slowed the housing market. Average asking prices for homes increased by 0.5% between Sept. 10 and Oct. 7 from the previous four weeks, well below the average increase for the period of 1.4%, Rightmove said. Prices were down 0.8% compared with a year earlier and the number of agreed sales was down 17% in annual terms. Other measures of Britain's housing market - which boomed during the COVID-19 pandemic - have also cooled with the Royal Institution of Chartered Surveyors' measure of house prices showing the most widespread falls since 2009 in September. Reporting by William Schomberg; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

Persons: Rightmove, Tim Bannister, William Schomberg, William James Our Organizations: Royal Institution, Chartered Surveyors, Bank of England, Thomson Locations: Britain

☆ Asking prices for UK homes pick up slightly despite summer slowdown: Rightmove
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +2 min

A rainbow is seen over apartments in Wandsworth on the River Thames as UK house prices continue to fall, in London, Britain, August 26, 2023. Rightmove said average asking prices for homes increased by 0.4% from the sharp 1.9% drop in the month before, but below the ten-year average of a 0.6% rise in September. A closely-watched Royal Institution of Chartered Surveyors report last week showed a sharp contraction in the market was underway. Rightmove said the number of home sales was down 7% compared with 2019, before the pandemic distorted the market. It said the rate of reduction in asking prices and the number of homes reduced in price hit the highest since January 2011.

Persons: Kevin Coombs, Rightmove, Tim Bannister, Bannister, Suban Abdulla Organizations: REUTERS, Bank of England, Royal Institution, Chartered Surveyors, Bank of England's, Nationwide, Thomson Locations: Wandsworth, London, Britain, Halifax

☆ We see markets staying flat for the rest of the year, says Stifel's Barry Bannister
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe see markets staying flat for the rest of the year, says Stifel's Barry BannisterBarry Bannister, Stifel chief equity strategist, joins 'Squawk Box' to discuss the latest market trends, the state of the U.S. economy, Bidenomics, and more.

Persons: Stifel's Barry Bannister Barry Bannister Locations: U.S

☆ Analysis: US stock gains may grow elusive as boost from inflation slowdown wanes
▼ + stars: | 2023-08-10 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The S&P 500 (.SPX) has gained more than 16% on a year-to-date basis, though it was last trading largely flat on Thursday. The latest CPI report "is good news. However, another CPI report is due to be released before that meeting. The CPI report is "obviously positive for the markets," said Paul Nolte, senior wealth advisor and market strategist for Murphy & Sylvest Wealth Management. The month of August has delivered on average the third-lowest return for the S&P 500 since 1945, with September ranking as the lowest, according to CFRA Research.

Persons: Carlo Allegri, Jack Ablin, Guy LeBas, Janney Montgomery Scott, LeBas, Paul Nolte, Murphy, Refinitiv, Barry Bannister, Bannister, Lewis Krauskopf, Karen Brettell, Ira Iosebashvili, Paul Simao Organizations: REUTERS, Federal, CPI, Cresset, Sylvest Wealth Management, Research, Thomson Locations: Manhattan, New York City , New York, U.S, Jackson Hole , Wyoming

☆ The stock market's 'no recession' relief rally is over. Expect flat markets for the rest of the year.
▼ + stars: | 2023-08-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The "no recession relief rally" has ended for the stock market, according to Stifel's Barry Bannister. The S&P 500 is up about 17% year-to-date, but has declined by about 3% since the start of August. Bannister expects the S&P 500 to finish the year at 4,400, suggesting potential downside of about 2% from current levels. According to data from Bank of America, stock market returns are typically muted between July and December in the third year of the Presidential Cycle, which reference a four-year stock market cycle that tracks with the four-year term of the US President. That's well below consensus estimates of the S&P 500 generating $226 in earnings per share next year.

Persons: Stifel's Barry Bannister, Bannister, Barry Bannister, committement, wouldn't, Stephen Suttmeier Organizations: Service, Federal, Bank of America Locations: Wall, Silicon

☆ Stifel's Bannister expects little change for S&P 500 through year end
▼ + stars: | 2023-08-09 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +1 min

The New York Stock Exchange building is seen from Broad Street in Lower Manhattan in New York, January 20, 2016. The S&P 500 has rebounded 16.4% so far this year after plunging in 2022, as the economy has so far defied fears of a downturn. Bannister projected the S&P 500 would "trade sideways" in the second half of 2023 and end the year at around 4,400. While inflation has been moderating, Bannister said he expected the consumer price index to end 2023 at around 3.5%, versus a 2.3% average in the 30 years before the COVID-19 pandemic. The inflation rates would result in "keeping Fed tight and S&P 500 flat" in the second half, Bannister said.

Persons: Mike Segar, Barry Bannister, Bannister, Lewis Krauskopf, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, Thomson Locations: Lower Manhattan, New York

☆ UK rents climb a third above pre-COVID levels as tenant demand remains firm
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +2 min

Advertised rents are 9.3% higher than a year ago and 33% more than in 2019, before the COVID-19 pandemic. Tim Bannister, Rightmove's director of property science, said the big increase in rents since the pandemic reflected a significant surge in demand from tenants and contrasted with stagnant rents from 2015 to 2019. Rightmove said there were 7% more properties available for rent than a year ago, but 42% fewer than in 2019. Rightmove said 16% of properties for sale were previously on the rental market, up from 13% in January 2019. Tenant demand was 3% higher than in the same period in 2022 and 42% higher than 2019, Rightmove added.

Persons: Rightmove, Tim Bannister, Suban Abdulla, David Milliken Organizations: Thomson Locations: Britain, London

☆ Stock market's Q3 will be led by 'cyclical value' stocks, says Stifel's Bannister
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market's Q3 will be led by 'cyclical value' stocks, says Stifel's BannisterBarry Bannister, Stifel chief equity strategist, joins 'Squawk on the Street' to discuss which areas of the market will do well this quarter, why Stifel doesn't have more aggressive price targets, and why 'buy and hold' will be dead for the next decade.

Persons: Stifel's Bannister Barry Bannister

☆ Asking prices for UK homes slip as Bank of England's rates rises bite, survey shows
▼ + stars: | 2023-07-16 | by ( ) www.reuters.com time to read: +2 min

Property website Rightmove said average asking prices of homes coming onto the market declined by 0.2% last month, compared with the 0% norm for this time of the year. Tim Bannister, director of property science at Rightmove, said stubborn inflation and further mortgage rate rises contributed to the fall in prices and number of agreed sales. "The interest-rate brakes being applied more strongly to slow the economy are now beginning to bite in the housing market," Bannister said. The central bank increased its Bank Rate by more than expected to 5% in June, pushing up the cost of mortgage borrowing. Average two-year fixed mortgage rates reached a 15-year high last week.

Persons: Rightmove, Tim Bannister, Bannister, Suban Abdulla Organizations: ., Nationwide, Halifax, Bank of England, Thomson Locations: Britain

☆ A fund manager beating 99% of his peers over the last 5 years explains why value is gearing up for a rebound following AI-driven mania — and shares 7 cheap stocks to bet on
▼ + stars: | 2023-07-13 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

A common phrase you'll hear from folks at Smead Capital Management is "fear stock market failure." He manages the Smead Value Fund (SMVLX), which has beaten 99% of similar funds over the last five-year period, and 97% over the last 10- and 15-year periods, according to Morningstar data. Value stocks to buyWithin value stocks, Smead is most bullish on the energy sector, as he believes we're in the earlier stages of a "commodities super cycle." Another area of the market Smead is bullish on right now is shopping mall real-estate investment trusts, or REITs. "Collecting a 6% dividend from them and having upside potential in a stock market that might struggle looks like a winning hand."

Persons: Bill Smead, Smead, he's, Smith Barney, Wells, Ben, we're, Stifel's Barry Bannister, millenials, it's Organizations: APA, DVN, MAC, Smead Capital Management, Morningstar, Smead Capital, Smead, Management, Occidental Petroleum, ConocoPhillips, Property Group, Simon Property Group Locations: OXY, Devon

☆ The digital-ad industry is spending the 4th of July holiday scrambling to recover funds lost from MediaMath's shocking bankruptcy
▼ + stars: | 2023-07-03 | by ( Ryan Joe | Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

One adtech executive believes MediaMath's bankruptcy is a sign of more pain to come. MediaMath's filing for Chapter 11 bankruptcy protection has sent shock waves throughout the digital-ad industry. Now MediaMath's creditors, who are cumulatively owed more than $100 million, are scrambling to figure out their next moves. It's likely that the unsecured creditors owed money by MediaMath would receive just pennies on the dollar once the bankruptcy proceedings are resolved. Bannister said Raptive was in the process of seeing how much money MediaMath owed it.

Persons: MediaMath, SSPs, Goldman Sachs, PubMatic, Ana Milicevic, Milicevic, It's, Paul Bannister, Bannister, Raptive, Scott Messer, he's, they're, Brian O'Kelley Organizations: MediaMath's, MediaMath, Fuel, Sparrow Advisers, Messer Media, YouTube, ANA Locations: MediaMath, there's

☆ I don't think we end the year 'any better than we are right now', says Stifel's Barry Bannister
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't think we end the year 'any better than we are right now', says Stifel's Barry BannisterBarry Bannister, Stifel chief equity strategist, joins 'Squawk Box' to discuss the latest market trends, where the market is headed for the rest of the year, and more.

Persons: Stifel's Barry Bannister Barry Bannister

☆ Want to Run a World-Record Time? Follow the Green Lights.
▼ + stars: | 2023-06-23 | by ( Ben Bloom | ) www.nytimes.com time to read: +1 min

Jakob Ingebrigtsen was ready to become a Pac-Man when he stepped on the track in early June. (The distance is not considered world-record eligible because it is not an official World Athletics distance.) Incredibly, it was one of three records set on that balmy summer evening at the Paris Diamond League meet. Faith Kipyegon of Kenya set a world record in the 5,000 meters just a week after setting the 1,500-meter world record, and Lamecha Girma of Ethiopia broke the world record in the 3,000-meter steeplechase. Bram Som, Wavelight’s co-creator and operational director, was a successful pacer himself after a career as a professional runner.

Persons: Jakob Ingebrigtsen, Ingebrigtsen, Faith Kipyegon, Wavelights, Roger Bannister, Bram Som, Wavelight’s Organizations: Paris Diamond League Locations: Norwegian, Kenya, Ethiopia

☆ China's got some balance sheet issues, says Stifel’s Barry Bannister
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's got some balance sheet issues, says Stifel’s Barry BannisterBarry Bannister, Stifel chief equity strategist, joins ‘Squawk on the Street’ to discuss why he thinks that cyclical value will join the growth rally, what he thinks about the Chinese market, and more.

Persons: China's, Stifel’s Barry Bannister Barry Bannister, Squawk

☆ Watch CNBC’s full interview with Stifel’s Barry Bannister
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Stifel’s Barry BannisterBarry Bannister, Stifel chief equity strategist, joins ‘Squawk on the Street’ to discuss why he thinks that cyclical value will join the growth rally, what he thinks about the Chinese market, and more.

Persons: Stifel’s Barry Bannister Barry Bannister, Squawk

☆ Surging mortgage rates bring early summer slowdown for UK housing market: Rightmove
▼ + stars: | 2023-06-18 | by ( Suban Abdulla | ) www.reuters.com time to read: +3 min

Average asking prices over the previous decade for this time of the year had increased by 0.6% on average, the survey showed. Nationwide, Halifax and HSBC were some of the major lenders that have announced a shake-up in their mortgage rates. British homebuyers typically take out mortgages with an interest rate that is fixed for two or five years, and then remortgage on to a new fixed rate or accept a floating rate. While Britain's housing market activity recovered in early 2023 from the autumn turmoil triggered by the economic agenda of former prime minister Liz Truss, analysts are waiting to see how much interest rates rises will hurt the sector. Bannister said the increases in interest rates and monthly mortgage payments could prompt prospective buyers to pause.

Persons: Rightmove, Tim Bannister, BoE, we've, Bannister, remortgage, Liz Truss, Suban Abdulla, David Milliken Organizations: Bank of, ., Nationwide, HSBC, Bank of England, British, Thomson Locations: Bank of England, British, Halifax

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