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☆ Analysis: The 2023 stock rally is back on track
▼ + stars: | 2023-12-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The US stock market has rebounded from its months-long rut. Stocks finished out their best month of the year on Thursday, breaking a three-month streak of declines for all the major indexes. “The only way I see a rally continuing is if the bond market behaves itself,” said Richard Steinberg, chief market strategist at The Colony Group. While those stocks have remained at the top of Wall Street’s scoreboard, the recent rally has encompassed a wider range of stocks. Long-neglected pockets of the stock market, from beaten-down financials to small-caps to cyclical stocks, have climbed higher in recent weeks.

Persons: Stocks, ”, Richard Steinberg, “, Santa Claus, Ned Davis, Anna Cooban, Elisabeth Buchwald, Nelson Peltz, Nelson Peltz’s, Bob Iger, ” Trian, Trian, Trian’s, Morgan Stanley, James Gorman, Sky Jeremy Darroch, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Nasdaq, Dow Jones, Treasury, The Colony, Wall Street, Ned Davis Research, Organization of, Petroleum, Saudi Press Agency, Ministry of Energy, Saudi, United Emirates, Reuters, Disney, Management, Peltz, Sky Locations: New York, Santa, OPEC, Saudi Arabia, Vienna, Russia, Iraq, United, Kuwait, Kazakhstan, Algeria, Oman, Brazil, Brazil’s

☆ Buy these stocks that are well-positioned for the long haul, Ned Davis Research says
▼ + stars: | 2023-11-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

As stocks prepare to end November on a high note, these are the names that look the most promising over the long term, according to Ned Davis Research. With that in mind, Ned Davis Research screened for stocks that possess the most positive drivers for long-term returns. Of the 44 analysts covering the stock, 31 rate it either a buy or a strong buy, according to LSEG. Forty of the 49 analysts covering Alphabet rate it a strong buy or buy, and consensus price targets call for 12% upside, per LSEG. The stock is down 7% so far this year, but more than half of analysts covering it currently have a buy or strong buy rating.

Persons: Ned Davis, Exxon's, Fred Imbert Organizations: Ned Davis Research, Nasdaq, Dow Jones, Investors, Apple, Exxon Mobil, Wednesday, UBS, Natural Resources, Home

☆ The decline in China's US Treasury holdings isn't as big as it seems
▼ + stars: | 2023-11-26 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The ongoing decline in China's US bond holdings is not as big as it seems, according to Ned Davis Research. "Although China's holdings of US debt are down, after some adjustments, it's a lot less than the headline implies," NDR said. "The rationale for using these conduits is that when added to China's Treasury holdings, they closely track China's foreign exchange reserves." "Although China's holdings of US debt are down, after some adjustments, it's a lot less than the headline implies," Kalish said. AdvertisementOne person who's not concerned about China reducing its Treasury holdings is US Treasury Secretary Janet Yellen.

Persons: Ned Davis, —, Joseph Kalish, Kalish, who's, Janet Yellen, Xi Organizations: Ned Davis Research, NDR, Service, US, Treasury Locations: China, Beijing, Belgium, Luxembourg, San Francisco

☆ Wall St Week Ahead After breathtaking surge, US stocks' path may rest on economic soft landing
▼ + stars: | 2023-11-17 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 17 (Reuters) - Are U.S. stocks poised to continue their dramatic run, or is a pause ahead? The index is now up nearly 18% for the year and less than 2% away from its year-high, reached in July. Analysts at Ned Davis Research, which has been recommending an overweight to stocks, this week said investors should further shift into equities and away from bonds. One source of worry has been a renewed climb in stocks' valuations.

Persons: Brendan McDermid, ”, Yung, Yu Ma, Ned Davis, Ed Clissold, ” Robert Pavlik, Pavlik, Seasonality, LSEG Datastream, Jason Pride, Keith Lerner, Lewis Krauskopf, Ira Iosebashvili, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Federal, BMO Wealth Management, National Association of Active Investment, Reuters Graphics, Treasury, Ned, Ned Davis Research, “, CPI, Dakota Wealth, Nvidia, Advisory Services, Thomson Locations: New York City, U.S

☆ Wall St Week Ahead - After breathtaking surge, U.S. stocks' path may rest on economic soft landing
▼ + stars: | 2023-11-17 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 17 (Reuters) - Are U.S. stocks poised to continue their dramatic run, or is a pause ahead? The index is now up 17% for the year and about 6% from its record closing high from January 2022. Analysts at Ned Davis Research, which has been recommending an overweight to stocks, this week said investors should further shift into equities and away from bonds. One source of worry has been a renewed climb in stocks' valuations.

☆ This year has been a ‘nightmare’ for investors with most stocks, assets underperforming, according to Ned Davis Research
▼ + stars: | 2023-11-13 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

The S & P 500 may have advanced in 2023, but it has been a nightmare for stock pickers, said Ned Davis Research. The S & P 500 is higher by 15% this year, buoyed by gains in megacap tech stocks and, more recently, by falling Treasury yields. In fact, the median return of -1.1% in the S & P 500 has only been lower seven times since 1972. Over the past three months, only 32.5% of stocks beat the S & P 500, the note said. "But in terms of sizeable options for most asset allocators, 2023 has been historically tough," Clissold wrote.

Persons: Ned Davis, Ed Clissold, Clissold Organizations: Ned Davis Research, Ned Locations: U.S

☆ Powell made a big statement this week after bond yields slid. Here’s why
▼ + stars: | 2023-11-12 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

The swift rise in long-term US Treasury yields over the past few months caused headaches for investors by dragging many of their portfolios down. Bond yields, namely the yield on the 10-year Treasury note, dictate the interest rates on credit cards, mortgages and auto loans. Fed Chair Jerome Powell addressed that at this month’s post-meeting press conference, saying he couldn’t pinpoint exactly why yields rose so much in recent weeks. Hours before Powell’s post-meeting remarks, bond yields plunged following the Treasury Department’s quarterly refunding announcement. That’s as opposed to letting bond yields do the Fed’s work for it.

Persons: Jerome Powell, “, Powell, Kathleen O’Neill Paese, Louis Fed, ”, Powell’s, Wall, John Madziyire, Joe Kalish, Ned Davis, Kalish, ” Powell, Celal, That’s Organizations: New, New York CNN, Federal Reserve, Treasury, Fed, Vanguard, Ned, Ned Davis Research, CNN, ” Bank of America, International Monetary Fund, Getty, Bank of America Locations: New York, Washington ,, Anadolu

☆ Wall Street will seek confirmation the Fed is done in next week's big inflation data
▼ + stars: | 2023-11-10 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Economists polled by FactSet expect U.S. inflation to have risen just 0.1% last month and 3.3% from the year-ago period. Cracks in consumer data Investors will also watch for the October retail sales data for insight into the consumer, who has thus far proven resilient even in the face of higher interest rates and inflation. Investors will also be watching for the October producer price index (PPI) data on Wednesday, as well as housing data on Friday. Monday Nov. 13 Earnings: Tyson Foods Tuesday Nov. 14 8:30 a.m. CPI (October) 8:30 a.m. Hourly Earnings final (October) 8:30 a.m. Average Workweek final (October) Earnings: Home Depot , Charles Schwab Wednesday Nov. 15 8:30 a.m.

Persons: Amy Magnotta, It's, There's, Gregory Daco, he'll, Ned Davis Research's, Joe Kalish, NDR's Kalish, Jeff Klingelhofer, Magnotta, Tyson, Charles Schwab, John Williams Organizations: Federal, Dow Jones Industrial, Nasdaq, Federal Reserve, Ategenos, FactSet, Thornburg Investment Management, Walmart, CPI, PPI, Retail, Palo Alto Networks, Price, Philadelphia Fed, Manufacturing, . New York Federal Reserve, . Kansas City Fed Manufacturing, Ross Stores, Body, Housing Locations: . New, NAHB, . Kansas, Bath

☆ China versus India: The pros explain why they prefer one — and share their stock picks
▼ + stars: | 2023-11-10 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Which economic giant should emerging markets investors go for: China or India? India is the "best structural growth opportunity" in emerging markets, according to Malcolm Dorson, head of emerging markets strategy at Global X ETFs. LPL Financial's chief technical strategist, Adam Turnquist, added that India has emerged as an increasingly attractive alternative to China. Where and how to invest in India Investors could go for the "booming areas" in India — renewables such as hydrogen and solar energy, as well as agricultural tech, according to Sharma. But both Krosby and Dorson would advocate active management in emerging markets such as India, given political and economic complexities, among other reasons.

Persons: Malcolm Dorson, Morgan Stanley, Dorson, Quincy Krosby, Krosby, LPL, Adam Turnquist, Alejandra Grindal, Ned Davis, Rahul Sen Sharma, Sharma, Morningstar Organizations: Shenzhen Component, CNBC, Global, Chinese Communist Party, LPL, Ned, Ned Davis Research, India Investors, India, Hindustan Unilever, Nestle India, Jewelry, India Active Locations: China, India, Shenzhen, Asia, Beijing

☆ The stock market is following a rare pattern that could signal double-digit gains next year
▼ + stars: | 2023-11-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The stock market is following a rare pattern that could signal big gains next year, NDR said. The S&P 500 rallied for five months straight this year, followed by three consecutive months of losses. A five-month winning streak earlier this year was immediately followed by a three-month selloff from August through October. That's an unusual pattern in the history of the market, one that has only been observe four times since 1926. AdvertisementAdvertisement"Over the past 50 years, the S&P 500 was up every time from one to 12 months later," the strategists said.

Persons: —, Ned Davis, That's, Tom Lee Organizations: NDR, Service, Ned Davis Research, Treasury

☆ Benchmark 10-year Treasury yield could top 7%: Ned Davis Research
▼ + stars: | 2023-10-31 | by ( David Randall | ) www.reuters.com time to read: +2 min

NEW YORK, Oct 31 (Reuters) - Investors should be prepared for long-duration Treasury yields to reach 7% if the U.S. economy skirts a widely anticipated recession, Ned Davis Research warned in a note on Tuesday. Benchmark 10-year Treasury yields, which move inversely to prices, are hovering near 16-year highs of 5% as investors price in rising U.S. federal deficits and the Federal Reserve's guidance that it will keep rates high until it is convinced that inflation is under control. Joseph Kalish, chief global macro strategist at Ned Davis Research, said the Treasury sell-off could continue if the neutral rate of interest - the rate at which monetary policy is neither contractionary nor expansionary - rises due to a prolonged expansion. "So getting comfortable with a 5% 10-year Treasury is actually quite conservative," he wrote. With the potential for a worsening Treasury market sell-off, Kalish is bullish on gold and remains slightly underweight bonds, and favors large-cap equities over small-caps, he noted.

Persons: Ned Davis, Joseph Kalish, Kalish, Powell, Treasury Department's, David Randall, Andrea Ricci Organizations: Ned Davis Research, Ned, Treasury, Federal Reserve, Thomson Locations: U.S, Treasuries

☆ Wall St Week Ahead Frazzled U.S. stock investors eye frothy Treasury market as Fed looms
▼ + stars: | 2023-10-28 | by ( David Randall | ) www.reuters.com time to read: +4 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. October has lived up to its reputation for volatility, as a surge in Treasury yields and geopolitical uncertainty pressured stocks. Higher Treasury yields are seen as a headwind to stocks, in part because they compete with equities for buyers. More broadly, some believe the stock market's trading patterns this year point to a rebound in the fourth quarter. "The stock market is poised for a late Q4 rally."

Persons: Brendan McDermid, Sam Stovall, CME's, Alex McGrath, Charlie Ripley, Tesla, Stovall, Ned Davis, Randy Frederick, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Apple Inc, Treasury, Strong U.S, CFRA Research, Investors, U.S, Gross, Fed, Allianz Investment Management, Google, CFRA, Ned Davis Research, Schwab Center, Financial Research, Thomson Locations: New York City, U.S

☆ US companies aren't feeling great about the economy - but one group is extra pessimistic
▼ + stars: | 2023-10-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Small business owners and CFOs both reported feeling downbeat about the US economy in recent surveys. CFOs are far more optimistic about the prospects for their own companies relative to the wider economy. A historically low number of small business owners said it's a good time to expand operations. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementSmall business owners are pessimistic about the state of the US economy.

Persons: it's, —, Ned Davis, CFOs Organizations: Service, Conference Board, Ned Davis Research Small, NDR, Bloomberg, Fed

☆ Wall Street braces for big tech earnings and key economic data in the week ahead as Treasury yields rise
▼ + stars: | 2023-10-20 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Major earnings reports and economic data will be in focus next week as investors seek clarity on how the Federal Reserve will proceed from here. But next week will bring the lion's share of results including reports from mega-cap darlings Alphabet, Amazon , Meta Platforms and Microsoft . While the S & P 500 is higher by 10% in 2023, the equal-weighted index is down slightly. Of note, Tesla shares sank more than 9% on Thursday following a pessimistic economic outlook from CEO Elon Musk during the company's earnings call. Its the S & P 500's first weekly loss in three weeks.

Persons: bode, Elon Musk, We're, Sam Stovall, it's, Raphael Bostic, Ed Clissold, Ned Davis, Clissold, Katie Stockton, Rob Ginsberg, I'm, CFRA's Stovall, Stovall, Sherwin, Williams, Kimberly, Hess, Raymond James Financial, Keurig Dr Pepper, Northrop, Willis Towers Watson, Stanley Black, Rowe Price Organizations: Federal Reserve, Microsoft, Investors, CFRA, Dow Jones, Treasury, Fed, Atlanta Federal Reserve, Ned, Ned Davis Research, Wolfe Research, Chicago, P, PMI, P Global PMI Manufacturing, P Global PMI Services, Richmond Fed, Visa, Texas Instruments, General Electric, NextEra Energy, Raytheon Technologies, Dow, Inc, General Motors, Halliburton, Coca, Corning, Hilton Worldwide, General Dynamics, Dominion Freight, Mobile US, Boeing, Raymond, Technology, Whirlpool, International Business Machines, O'Reilly, Honeywell, Northrop Grumman, Mastercard, Amazon, Royal Caribbean Group, Tractor Supply, United Parcel Service, Hasbro, Southwest Airlines, Comcast, Hershey, Intel, L3Harris Technologies, Ford Motor, Energy, Chevron, Decker, Exxon Mobil, Colgate, Palmolive Locations: U.S, Atlanta, AbbVie

☆ CHART OF THE DAY: Industrial output shows high interest rates aren't hurting the economy yet
▼ + stars: | 2023-10-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Global central bank interest rates have tripled to its highest level since 2000. "We don't see sufficient evidence that the global economy is headed for severe recession," Ned Davis Research said. This is unusual considering that in the past, such sharp moves higher in global interest rates has coincided with a considerable decline in economic activity. While the economy might escape the damage of higher interest rates, asset prices are "not off the hook," the note said. That's because of shrinking central bank balance sheets, which have historically been associated with weaker equity performance.

Persons: Ned Davis, — Organizations: Ned Davis Research, Service, NDR Locations: China

☆ Analysis: US stock market technicals suggest possible rebound as earnings, CPI loom
▼ + stars: | 2023-10-11 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The S&P 500 has slid about 5% since reaching its late-July high, but so far this month the benchmark index has rebounded. In 12 of those times the S&P 500 was higher six months later, Turnquist said. Reuters GraphicsStocks have tended to perform well at year end -- with November and December logging the second and third-biggest average S&P 500 monthly gains -- though this year the trends may portend even more favorably. That was followed by a 28% rally in the S&P 500 through late July of this year. Further, notes Delwiche, stock market breadth has been weak.

Persons: Brendan McDermid, Ed Clissold, Ned Davis, Clissold, Adam Turnquist, Turnquist, Willie Delwiche, Delwiche, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Federal, Thursday’s U.S, Ned, Ned Davis Research, LPL, Reuters Graphics, American, of, Mount Research, NYSE, Nasdaq, Thomson Locations: New York City, U.S

☆ Here's why it's so dangerous for Wall Street to bet against the American consumer
▼ + stars: | 2023-10-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

"Betting against the American consumer is a dangerous proposition," Ned Davis Research said. AdvertisementAdvertisementThe American consumer has defied expectations over the past year as spending remains resilient, but Wall Street continues to anticipate a recession. The dynamic highlights why it's dangerous to bet against the American consumer, according to a Friday note from Ned Davis Research. YChartsMeanwhile, rising interest rates only impacts new loans or refinancings, and just over 75% of mortgage holders have an interest rate below 5%. Betting against the American consumer is a dangerous proposition," NDR concluded.

Persons: Ned Davis, —, Bank of America's Savita Subramanian Organizations: Ned Davis Research, Service, Bank of America's, NDR

☆ Bonds are selling off as stocks tumble. Here’s what it means for 60/40 portfolios
▼ + stars: | 2023-10-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The 60/40 portfolio wasn't spared, either: The iShares Core Growth Allocation ETF (AOR) , which has a 60/40 split, is facing declines from both asset classes. AOR YTD line AOR's performance year to date The slump harkened back to 2022, when equities fell alongside bonds. "We don't see rates going back to the pre-Covid levels," he said. "[I]nvestors still hate bonds at these levels — rates we would've dreamed of two years ago," said duQuesnay. Vanguard's Aliaga-Diaz noted that the 60/40 portfolio will average 6% on a 10-year forward-looking basis, so there are bound to be tumultuous times and periods of strong performance.

Persons: —, wasn't, They're, Blair duQuesnay, Roger Aliaga, Diaz, Aliaga, duQuesnay, DuQuesnay, Joe Kalish, Ned Davis Organizations: Treasury, Dow Jones, Ritholtz Wealth Management, Vanguard, Fed, Ned Davis Research

☆ US government shutdowns don’t send markets tanking, but the coast is far from clear
▼ + stars: | 2023-09-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

During the most recent government shutdown in 2019, the S&P 500 rose more than 10%. The S&P 500 on Tuesday logged its lowest close since June and fell below the threshold it passed that same month to enter a new bull run. The S&P 500 has gained 0.5% on average during the month following the end of a shutdown and 1.5% during the period three months after. Meta’s Zuckerberg unveils Quest 3Meta is moving forward in its efforts to dominate the AR world with the new and improved Meta Quest 3, reports my colleague Jennifer Korn. The Meta Quest 2 allows for strictly virtual reality, while the Meta Quest Pro has advanced passthrough cameras for seeing your actual surroundings, but it costs a whopping $1,000.

Persons: shutdowns, ”, Steven Wieting, Goldman Sachs, Jeffrey Roach, Ned Davis, Meta’s Zuckerberg, Jennifer Korn, Mark Zuckerberg, Jeanne Sahadi, Read Organizations: CNN Business, Bell, CNN, Strategas Research Partners, Citi Global Wealth, Reserve, LPL, Fed, Stocks, Ned Davis Research, Meta, Pro, Fortune, Pew Research Center, Pew Locations: United States

☆ Here's why the stock market could be primed for a year-end rally
▼ + stars: | 2023-09-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The stock market has slumped in August and September, but Ned Davis Research says there is reason for optimism. As of Wednesday's close, the S&P 500 has shed 5% in September, while the Dow Jones Industrial and the Nasdaq have tumbled 3% and 6%, respectively. "[S]entiment is approaching extremely pessimistic levels, suggesting that a year-end rally is not off the table," NDR said. In any case, the pessimistic data comes as the NDR S&P 500 Cycle Composite is about to finish its weak seasonal stretch. And from both a technical and sentiment standpoint, the "recent weakness could be setting the stage for a year-end rally."

Persons: Ned Davis, —, there's Organizations: Ned Davis Research, Service, Dow Jones Industrial, Nasdaq, NDR

☆ Market seasonality is playing out almost perfectly as Wall Street feels discomfort
▼ + stars: | 2023-09-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

In fact, the S & P 500's now-6% decline from its cycle peak began almost too perfectly, exactly as the often-tough month of August got underway, continuing into September, the worst month for stock performance through history. Similar reassuring stats are spit out when accounting for years when the S & P 500 was up more than 10% through July, or for pre-election years. The S & P 500 was oversold by some short-term measures, such as fewer than 15% of S & P 500 stocks sitting above their 10-day average price. That makes sense for sure, though it has meant that the equal-weighted S & P 500 is up only 1% this year and has tentatively broken a multiyear uptrend, while small-cap stocks are suffering worse still. And even for the market-cap-weighted S & P 500, the forward P/E is down from nearly 20 to 18 since late July, as prices have fallen, and analysts' forecasts have continued to plod higher.

Persons: doesn't, Ryan Detrick, there's, Goldman Sachs, abetted, Jerome Powell, It's, Ed Clissold, Ned Davis, Clissold Organizations: Carson, Treasury, Fed, Ned, Ned Davis Research Locations: Friday's, U.S

☆ Fed-induced recession could come to fruition in 2024: Ned Davis Research's Ed Clissold
▼ + stars: | 2023-09-22 | 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 EmailFed-induced recession could come to fruition in 2024: Ned Davis Research's Ed ClissoldEd Clissold, Ned Davis Research chief U.S. strategist, joins 'Closing Bell' to discuss recession risk in the stock market following the Fed decision this week, how Clissold is mananging the current environment, and more.

Persons: Ned Davis, Ed Clissold Ed Clissold Organizations: Ned Davis Research

☆ Never before have just 10 stocks held this much sway over the global stock market
▼ + stars: | 2023-09-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The top 10 global stocks by market value have a greater hold than ever before on the capital markets, and that could be a bad thing, says Ned Davis Research. Ned Davis found that a heavy concentration in the years 2000 and 2021 was soon followed by a bear market. However, there was an exception in 2020, when the rise in a handful of stocks broadened out and supported a bull market. Ned Davis is watching for aggregate strength in key 50-day and 200-day indicators. However, stocks could fall into a bear market if the rally this year fails to expand to more sectors, the firm said.

Persons: Ned Davis, Tim Hayes, Hayes Organizations: Ned Davis Research, Microsoft, Nvidia, Tesla, Rally Watch

☆ Stocks churn with the S&P 500 sitting at the same level it was two years ago
▼ + stars: | 2023-09-16 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 has held on to most of its first-half gains and has made a series of higher lows since mid-August. And while 2% is the central-banker ideal, equity markets historically are comfortable with inflation under 4% or so. The equal-weight S & P 500 is about where it was last Thanksgiving and small-cap indexes have been sideways and stuck for a year-and-a-half. Kolovos has been anticipating a "long and winding road to 4800" for the S & P 500, provided it doesn't crack support near 4300 before then. .SPX YTD mountain S & P 500 YTD Such a scenario would then certainly give rise to a vexing "Now what?"

Persons: –, Ron Adler, Morgan, Wall, It's, we've, Ned Davis, Worth, John Kolovos, Kolovos Organizations: Wall, PPI, ECB, Citi, Federal Reserve, Atlanta Fed, Ned Davis Research, Dow Jones Industrial, Nvidia Locations: China, Rosh, Yom Kippur

☆ A 39-year market veteran shares why this market rally is only beginning and stocks are destined to hit new record highs in the coming months — and the 5 best ways to take advantage of it
▼ + stars: | 2023-09-15 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Market volatility (bottom half) spiked during the downturn but has steadily receded during the rebound despite a late-summer hiccup. Tim Hayes, Ned Davis ResearchHayes believes that a healthy reset shook out much of that euphoria without leaving lasting damage. History says this market rally has plenty of room to runThe final three months of the year have historically been the friendliest to stocks, Hayes said. Tim Hayes, Ned Davis Research"It doesn't follow the script precisely," Hayes said. The forthcoming market rally should broaden out, the strategist said, which should boost parts of the market that haven't participated as well, including economically sensitive small companies and sectors.

Persons: Ned Davis, Tim Hayes, who's, Ned Davis Research Hayes, " Hayes, Hayes, Morgan Stanley, Mike Wilson's, David Lundgren, they've, There's, He's, haven't, they're Organizations: Ned, Ned Davis Research, Technology Locations: China, United Kingdom, Canada, Japan

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