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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

☆ 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

☆ 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

☆ 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

☆ 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

☆ 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

☆ 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

☆ 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

☆ Watch CNBC's full interview with Stifel's Barry Bannister on raising S&P mid-year target
▼ + stars: | 2023-05-08 | 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 Bannister on raising S&P mid-year targetBarry Bannister, Stifel chief equity strategist, joins 'Squawk on the Street' to discuss if now is the time to worry about equities, the timeline of Bannister's price target for the S&P and how Bannister justifies the price target's valuation.

☆ Bull markets don't end with this much bear market sentiment, says Stifel's Bannister
▼ + stars: | 2023-05-08 | 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 EmailBull markets don't end with this much bear market sentiment, says Stifel's BannisterBarry Bannister, Stifel chief equity strategist, joins 'Squawk on the Street' to discuss if now is the time to worry about equities, the timeline of Bannister's price target for the S&P and how Bannister justifies the price target's valuation.

☆ Stifel raises S&P 500 target on falling inflation expectations, says buy cyclical stocks
▼ + stars: | 2023-05-08 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Stifel just got more bullish on where stocks will land at the halfway point of 2023, and encouraged investors buy cyclical stocks. However, the strategist expects investors will not have to worry about a downturn until later down the road. Given this, Bannister said he's been bullish on cyclical growth and value stocks since October. Meanwhile, he expects cyclical value stocks in basic materials, capital goods, banks, transportation and others that took a hit during the regional banking crisis are "oversold" if the economy continues to hold up. He said defensive value stocks are "last year's story," while defensive growth stocks will benefit when the U.S. reaches a recession.

☆ 'Easy money is behind us, the hard money is now,' Stifel's chief strategist warns
▼ + stars: | 2023-04-25 | by ( Bree Doyle | ) www.cnbc.com time to read: +1 min

According to Stifel's Barry Bannister, the market is on a road to nowhere for almost the next decade. "Easy money is behind us, the hard money is now," the firm's chief equity strategist told CNBC's "Fast Money" this week. The price earnings multiple comes down." But it's a strategy "Fast Money" trader Dan Nathan questions during a sluggish market. "I do not think you want to be overweight small caps right here," said RiskReversal Advisors principal Dan Nathan.

☆ Watch CNBC's full interview with Dan Suzuki and Barry Bannister
▼ + stars: | 2023-02-06 | 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 Dan Suzuki and Barry BannisterDan Suzuki, deputy CIO at Richard Bernstein Advisors, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss their thoughts on a recession, the dollar index inching higher, and more.

☆ A 'super bear' could send the stock market to new lows in 2023 if commodity prices soar and drive inflation higher, Stifel says
▼ + stars: | 2023-01-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A "super-bear" could send the stock market to new lows later this year if inflation soars again, according to Stifel. "Major S&P 500 'super-bear' downside in 2023 likely pivots on whether commodity prices again soar," Stifel said. Those three stages include disbelief, "which may be the 2022 decline we have seen for commodity prices," Bannister said. The only problem for stock market investors is such a cycle in commodities could take years to play out. That's why investors should closely monitor commodity prices, inflation, and the Fed's response to gauge whether a "super-bear" market is poised to jolt stock prices.

☆ The S&P 500 will gain almost nothing in the next decade, Stifel predicts
▼ + stars: | 2023-01-10 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

He sees the price to earnings ratio of the S & P 500 cut in half over the decade as earnings per share double, leaving the index little changed overall. Stifel forecasts that in 2031, the S & P 500 will be about flat with its Dec. 30, 2021 peak level. Stifel's forecast is that the S & P 500 will reach 4,300 in the first half of 2023, but the investment bank sees the index falling if crude oil rises sharply. One other data point supports modest to no returns in the S & P 500 over the next decade. The S & P 500 relative to commodities fell below its 122-year trend, which usually signals flat returns in the next ten years.

☆ Watch CNBC's full interview with Vance Howard and Barry Bannister
▼ + stars: | 2022-12-29 | 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 Vance Howard and Barry BannisterVance Howard, CEO & portfolio manager at Howard Capital Management, and Barry Bannister, chief equity strategist at Stifel, join CNBC's ‘Squawk on the Street’ to discuss how they see the market as we move to the new year.

☆ I am sitting on almost $2.4 billion in cash right now, waiting for this market to turn, says Vance Howard
▼ + stars: | 2022-12-29 | 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 am sitting on almost $2.4 billion in cash right now, waiting for this market to turn, says Vance HowardVance Howard, CEO & portfolio manager at Howard Capital Management, and Barry Bannister, chief equity strategist at Stifel, join CNBC's ‘Squawk on the Street’ to discuss how they see the market as we move to the new year.

☆ The treasury market is screaming recession is coming, says Rockefeller's Chang
▼ + stars: | 2022-11-28 | 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 treasury market is screaming recession is coming, says Rockefeller's ChangBarry Bannister, chief equity strategist at Stifel, and Jimmy Chang, Rockefeller Global Family Office CIO, join 'Squawk on the Street' to discuss the bear market rally, the difference in the narrative between treasuries and equities, and more.

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