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From late October through March, the S&P 500 enjoyed a virtually uninterrupted 27.6% rally based on better-than-expected earnings and economic data. And while it's still well below the dot-com bubble levels, it's still too close for comfort for many investors. Related story"Those higher rates are starting to push back on elevated valuations for stocks right now," Saglimbene said. "They're all much cheaper on an earnings basis than those Magnificent 7 companies," Saglimbene said. "So I think if we avoid a recession this year, the narrative will change to a broadening of companies and sectors that can participate in earnings growth this year."
Persons: aren't, Anthony Saglimbene, Rick Pitcairn, Pitcairn, it's, we've, Raheel Siddiqui, Neuberger Berman, Siddiqui, Jon Wolfenbarger, Albert Edwards, Bill Smead, James Ragan, DA Davidson, Ragan, Saglimbene, Indrani, she's, De, Davidson, Siddiqui's Organizations: Ameriprise, Business, DA, FTSE Russell, Investors Locations: Ameriprise
Jimmy Buffett of Jimmy Buffett and the Coral Reefer Band performs during the 2022 New Orleans & Jazz festival at Fair Grounds Race Course on May 08, 2022 in New Orleans, Louisiana. Jimmy Buffett, the singer-songwriter who drew millions of fans with his folksy tales of living and loving on tropical sandy beaches, frozen concoction in hand, died Friday night. But it was in Key West, Florida, in the 1970s that Buffett "found his true voice," according to his website. As time went on, Buffett also appeared on TV, movies and his work became a musical. There was also a Broadway show based on Buffett's music, " Jimmy Buffett's Escape to Margaritaville," which debuted in 2017.
Persons: Jimmy Buffett, Jimmy, Buffett, Hank Williams, Alan Jackson, , Jerry Jeff Walker, margarita, Tom Selleck, Jimmy Buffett's, Joe Merchant, Jane Slagsvol, Cameron, — Christopher Cichiello Organizations: Reefer, Orleans & Jazz, Forbes, Alabama's Auburn University, University of Southern, Billboard Magazine, Key West, University of Miami, Men's, Associated Press Locations: Orleans, New Orleans , Louisiana, Pascagoula , Mississippi, University of Southern Mississippi, New Orleans, Nashville , Tennessee, Key West , Florida, South Florida, Margaritaville, Pitcairn, Savannah
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPitcairn: It still pays to be more cautious than aggressive when it comes to investingPitcairn Chief Global Strategist H.F. "Rick" Pitcairn explains his expectations for the markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPitcairn: We've had a great 10-year run for risk assets, but it's going to be a different market when we come out of the downturnRick Pitcairn, CIO of Pitcairn, says longer-term investors should be focused on the interplay of where we are with the economy and interest rates, and what that's going to mean for equities going into 2023.
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