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☆ Take advantage of this stock market correction and another quarter of strong earnings by making these 10 moves now, according to top strategists at 4 investment firms
▼ + stars: | 2023-11-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The S&P 500 is down 7% since the start of September and briefly entered correction territory from its summer high last week. However, strategists say these threats are mostly priced into stocks, but higher earnings aren't. After three straight quarters of contracting profits, both BofA and UBS expect earnings to grow at least 3% year-over-year in Q3. "Within the context of our expectations for a continued choppy backdrop, we are incrementally more positive," Lerner wrote in a late October note. Truist's more constructive view on equities is based on strong results so far in Q3, Lerner wrote.

Persons: Oppenheimer, Savita Subramanian, Marcelli, David Lefkowitz, Lefkowitz, John Stoltzfus, Stoltzfus, Keith Lerner, Lerner, it's, Truist, Mark Haefele Organizations: Bank of America, UBS, Bank of America's, Equity, UBS Global Wealth Management, Federal Reserve, Israel, Oppenheimer Asset Management Locations: Israel, Ukraine, Truist, Real, Charlotte

☆ Soaring Treasury yields threaten long-term performance of US stocks
▼ + stars: | 2023-10-26 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

This year’s climb in Treasury yields is changing that calculus, as government bonds offer income that is viewed as risk-free to investors who hold them to term. The 10-year Treasury yield has climbed about a full percentage point since then. The term premium is the added compensation investors expect for owning longer-term debt and is measured using financial models. Stocks have averaged a forward price-to-earnings ratio of 17.8 over the last 10 years, while the term premium has averaged -0.3%. That compares with a historical average forward P/E of 15.6 and a term premium of 1.4% since 1985.

Persons: Brendan McDermid, ”, Quincy Krosby, Elon Musk, John Lynch, Lynch, LSEG, Matthew Miskin, Keith Lerner, ” Lerner, Lewis Krauskopf, Dan Burns, Ira Iosebashvili, Marguerita Choy Organizations: New York Stock Exchange, REUTERS, Soaring U.S, Treasury, U.S . Federal Reserve, . Treasury, BofA Global Research, LPL, Comerica Wealth Management, Reuters Graphics, John Hancock Investment Management, UBS Global Wealth Management, Advisory, Thomson Locations: New York City, U.S

☆ Energy is a natural hedge in the current market, says Truist's Keith Lerner
▼ + stars: | 2023-10-17 | 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 EmailEnergy is a natural hedge in the current market, says Truist's Keith LernerKeith Lerner, Truist Advisory Services Co-Chief Investment Officer and Kevin Merritt, Wedbush Director of Research, joins 'Closing Bell Overtime' to talk geopolitical impacts on the current market, where investors should be putting their money and more.

Persons: Truist's Keith Lerner Keith Lerner, Kevin Merritt Organizations: Email Energy, Truist Advisory Services, Research

☆ A veteran strategy chief says investor pessimism is fueling a contrarian market rally, and these 4 investments will be the biggest winners
▼ + stars: | 2023-10-11 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Soaring interest rates and a slowing economy sent US stocks plummeting to their 52-week lows last October. Twelve months later, the S&P 500 has been smacked once again by lingering concerns about interest rates and a recession. The index just hit an oversold level not seen since last fall, Truist co-investment chief Keith Lerner remarked in a recent note. Instead, investors should stay focused on interest rates, Lerner said. 4 top places to put your money nowTruist is bullish on both growth stocks and stocks in economically sensitive sectors.

Persons: Truist, Keith Lerner, Goldman Sachs, Lerner, offsides, doesn't, Israel aren't, they're Organizations: Truist, Investors, Bank of America, Federal, Energy Locations: Russia, Ukraine, Israel

☆ Lerner: S&P 500 should dip below its 200-day moving average before presenting buying opportunities
▼ + stars: | 2023-10-04 | 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 EmailLerner: S&P 500 should dip below its 200-day moving average before presenting buying opportunitiesKeith Lerner, Co-CIO of Truist Advisory Services, discusses his expectations for the trading day ahead.

Persons: Lerner, Keith Lerner Organizations: Advisory Services

☆ Column-Bonds eye Q4 salvation in another year to forget: McGeever
▼ + stars: | 2023-10-03 | by ( Jamie Mcgeever | ) www.reuters.com time to read: +5 min

Treasury bond indexes are down as much as 2.5% this year, not a huge move and most of it has come since Federal Reserve policymakers published their upwardly revised median policy projections on Sept. 20. For an investor with a typical portfolio weighted 60% stocks and 40% bonds, these losses are more than offset by double-digit equity returns. Their base case is for a 14% return on 10-year Treasuries, rising to 20% in the event of recession. Even in their upside scenario of a more resilient economy, 10-year Treasuries should return around 10% over the coming year, they estimate. Commodity Futures Trading Commission data, meanwhile, showed that asset managers had built up a then record net long position in 10-year Treasuries futures of 1.26 million contracts by mid-January.

Persons: Kevin Lamarque, ”, Keith Lerner, Jonathan Duensing Organizations: Department of, U.S . Treasury, REUTERS, U.S, Treasuries, U.S ., Bank of America, Treasury, Bloomberg U.S, ICE, Advisory, Fed, UBS, Bank of, Futures, Amundi, Reuters Locations: ORLANDO, Florida, Washington , U.S, U.S . Republic, Treasuries

☆ Bonds eye Q4 salvation in another year to forget: McGeever
▼ + stars: | 2023-10-03 | by ( Jamie Mcgeever | ) www.reuters.com time to read: +5 min

☆ There's not enough movement to safety to buoy yields, says NewEdge's Cameron Dawson
▼ + stars: | 2023-10-02 | 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 EmailThere's not enough movement to safety to buoy yields, says NewEdge's Cameron DawsonCameron Dawson, chief investment officer for NewEdge Wealth, and Keith Lerner, Truist co-chief investment officer, join 'Closing Bell' to discuss navigating yields and what to expect going into Q4.

Persons: NewEdge's Cameron Dawson Cameron Dawson, Keith Lerner, Truist

NEW YORK, Sept 27 (Reuters) - As the Federal Reserve’s hawkish stance boosts Treasury yields and slams stocks, some investors are preparing for more pain ahead. AQR's analysis showed that trend-following hedge funds tend to outperform when rates are elevated, as they hold large cash positions that benefit from higher rates. Of course, plenty of investors believe the Fed will cut rates as soon as economic growth starts to wobble. Futures tied to the Fed’s key policy rate show investors pricing in the first rate cut in July 2024. Still, he has been holding off on adding to the firm’s holdings of small-cap consumer stocks, wary there may be more market volatility ahead as investors digest higher rates and other factors, including elevated energy prices.

Persons: ”, Jake Schurmeier, Dan Villalon, Keith Lerner, Lerner, Robert Pavlik, Schurmeier, he’s, Eric Kuby, Lewis Krauskopf, David Randall, Carolina, Ira Iosebashvili, Leslie Adler Organizations: Fed, Apple, Nvidia, Treasury, U.S ., Harbor Capital Advisors, AQR Capital Management, Advisory Services, Reuters, Dakota Wealth Management, BofA Global Research, Nasdaq, North Star Investment Management Corp, Thomson Locations: Harbor

☆ Government shutdown isn't a major issue for stock performance, says Truist's Keith Lerner
▼ + stars: | 2023-09-25 | 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 EmailGovernment shutdown isn't a major issue for stock performance, says Truist's Keith LernerKeith Lerner, Truist co-chief investment officer, joins 'Squawk on the Street' to discuss the headwinds ahead for equity markets, how the yield story plays to stock market performance, and more.

Persons: Truist's Keith Lerner Keith Lerner, Truist Organizations: Government

☆ Here's what analysts see in store for stocks as the US government barrels towards a shutdown
▼ + stars: | 2023-09-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The US government is more likely than not to shutdown by the end of the month, Goldman Sachs warned. But stocks could rebound quickly from any ensuing volatility, stock market experts say. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . And in some cases, stocks actually ended the shutdown period higher, with the market gaining a net 10% following the 2018-19 shutdown, according to Renaissance Macro. "I think the government shutdown itself isn't a major issue from a stock market perspective," Truist co-chief investment officer Keith Lerner said to CNBC on Monday.

Persons: Goldman Sachs, —, it's, aren't, Charles Schwab, Alec Phillips, shutdowns, Dow Jones, Wells, Truist, Keith Lerner Organizations: Service, Goldman Sachs Research, CNBC

☆ Wall St Week Ahead Fed-wary investors eye mounting risks to US stock rally
▼ + stars: | 2023-09-22 | by ( David Randall | ) www.reuters.com time to read: +4 min

The S&P 500 (.SPX) tumbled 2.9% this week, its biggest weekly decline since March. High Treasury yields dull the allure of stocks by offering investors an attractive payout on an investment seen as virtually risk free. The S&P 500 entered what has historically been its weakest 10-day stretch of the year on Sept. 18, according to BofA Global Research. Meanwhile, a drawn out government shutdown could aggravate concerns over U.S. government gridlock and send Treasury yields even higher. He noted that the S&P 500 remains above its 200-day moving average and there have been few signs of investors fleeing to safety.

Persons: Charlie Ripley, Brian Jacobsen, “, ”, Fitch, Keith Lerner, Adam Turnquist, David Randall, Ira Iosebashvili, David Gregorio Our Organizations: Federal Reserve, Fed, Investors, BoFA, Allianz Investment Management, Treasury, Annex Wealth Management, BofA Global Research, Societe Generale, LPL Financial, Thomson

☆ Corporate America to DC: Don’t shut down the government
▼ + stars: | 2023-09-22 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

“Nobody wins in a government shutdown,” said one executive at a business group who requested anonymity to speak candidly. ‘It’s not good for business’A shutdown may not be an especially dramatic event for the stock market or deal a sizable blow to GDP. It’s not good for business – or consumer confidence,” another trade group executive told CNN. It’s unfortunate.”Markets usually don’t careWall Street is not overly worried about the potential damage to the economy at large nor the stock market. During half of those shutdowns, the stock market posted positive returns.

Persons: ” Neil Bradley, “, ”, “ We’ve, ’, Chuck Robbins, Robbins, ‘ It’s, Geoff Freeman, Bradley, it’s, Mitch McConnell, shutdowns, ” Bradley, “ It’s, Keith Lerner, Goldman Sachs, couldn’t Organizations: New York CNN Business, Corporate, US Chamber of Commerce, CNN, Cisco, US Travel Association, US Travel, ”, Federal Reserve, Labor Statistics, Publicly, Democrats, Privately, GOP, House GOP, Republicans, Chamber, Advisory, Commerce Locations: Washington

☆ This month's three big IPOs gave up their early gains this week, denting market confidence
▼ + stars: | 2023-09-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Three highly anticipated initial public offerings that came to market this past week raised investor hopes that a nearly two-year-long drought in IPOs might finally be coming to an end. In fact, the Renaissance IPO ETF that tracks aftermarket trading in recent IPOs picked up heading into Arm's offering, but fell 2.5% on Thursday and is down nearly 5% this month. Market barometer IPOs are a barometer of market confidence as investors bet on the hope that they are snatching up companies with strong growth potential, said Truist Advisory Service's chief market strategist Keith Lerner. The underwhelming performance of recent IPOs is just another sign that the choppy market waters are likely to continue, he added. From that perspective, the recent IPOs aren't necessarily a sign of market failure, according to Sarhan.

Persons: Adam Sarhan, —, Instacart, Keith Lerner, Lerner, Sarhan, Michael Bloom Organizations: Investments, ARM, Arm Holdings, Klaviyo, CART, Facebook Locations: IPOs, Arm's, British

☆ Watch CNBC’s full interview with Ankur Crawford and Keith Lerner
▼ + stars: | 2023-09-18 | 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 Ankur Crawford and Keith LernerAnkur Crawford, Alger, and Truist's Keith Lerner, join 'Closing Bell' to discuss their big cap tech outlook, growth elusiveness and investing in a choppy market.

Persons: Ankur Crawford, Keith Lerner Ankur Crawford, Alger, Truist's Keith Lerner

☆ I don't think we've seen the high in yields yet, says Crossmark's Bob Doll
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't think we've seen the high in yields yet, says Crossmark's Bob DollKeith Lerner, Truist Chief Market Strategist and Bob Doll, Crossmark Global Investments CIO, join 'Closing Bell Overtime' to talk the day's market action and Oracle quarterly results.

Persons: Bob Doll Keith Lerner, Bob Doll Organizations: Truist, Global Investments CIO

The S&P 500 slumped on Tuesday to kick off the first trading day of a holiday-shortened week, weighed by a jump in crude oil prices. The S&P 500 dipped 0.15%, while the Nasdaq Composite hovered near the flatline. Oil prices rose after Saudi Arabia extended its 1-million-barrels per day voluntary oil production cuts. "If you have oil prices moving up that could be inflationary," said Keith Lerner, co-chief investment officer at Truist. Meanwhile, the Dow and the Nasdaq are coming off their best weekly performances since July, while the S&P 500 registered its best week since June.

Persons: Keith Lerner, Goldman Sachs, Adam Turnquist, Sarah Min Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, West Texas, Halliburton, Occidental Petroleum, EOG Resources, American Airlines, United Airlines, Delta Air Lines, Treasury, Dow, LPL Locations: New York City, Saudi Arabia

☆ High-rate effects will keep going and have more negative impacts on economy: Apollo Global's Slok
▼ + stars: | 2023-09-01 | 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 EmailHigh-rate effects will keep going and have more negative impacts on economy: Apollo Global's SlokTorsten Slok, Apollo Global Management chief economist, and Keith Lerner, Truist chief market strategist, join 'Squawk on the Street' to discuss the volatility with the 10-year yield, how the high-rate environment will impact equity markets, and more.

Persons: Slok Torsten Slok, Keith Lerner Organizations: Apollo Global Management

☆ Watch CNBC's full interview with Apollo Global's Torsten Slok and Truist's Keith Lerner
▼ + stars: | 2023-09-01 | 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 Apollo Global's Torsten Slok and Truist's Keith LernerTorsten Slok, Apollo Global Management chief economist, and Keith Lerner, Truist chief market strategist, join 'Squawk on the Street' to discuss the volatility with the 10-year yield, how the high-rate environment will impact equity markets, and more.

Persons: Apollo Global's Torsten Slok, Truist's Keith Lerner Torsten Slok, Keith Lerner Organizations: Apollo Global Management

☆ Despite choppy moves forward, discretionary has opportunities, says Truist's Keith Lerner
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDespite choppy moves forward, discretionary has opportunities, says Truist's Keith LernerKeith Lerner, Truist chief market strategist, joins 'Closing Bell' to discuss the risk reward in August's final stretch.

Persons: Truist's Keith Lerner Keith Lerner

☆ The market's issue is a lack of catalysts for growth, says Truist's Keith Lerner
▼ + stars: | 2023-08-21 | 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's issue is a lack of catalysts for growth, says Truist's Keith LernerKeith Lerner, Truist co-chief investment officer, joins 'Squawk on the Street' to discuss what Lerner expects from the economy in the second half, the lagged issues to come, and Lerner's S&P earnings forecasts for next year.

Persons: Truist's Keith Lerner Keith Lerner, Truist, Lerner

☆ Lerner: The market will continue to consolidate and correct itself this month
▼ + stars: | 2023-08-17 | 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 EmailLerner: The market will continue to consolidate and correct itself this monthKeith Lerner, Co-CIO at Truist Advisory Services, discusses the Fed, the market sell-off, and his favorite sectors.

Persons: Lerner, Keith Lerner Organizations: Advisory Services

☆ Truist’s Keith Lerner: CPI print won't dramatically impact the Fed
▼ + stars: | 2023-08-10 | 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 EmailTruist’s Keith Lerner: CPI print won't dramatically impact the FedCameron Dawson, chief investment officer for NewEdge Wealth, and Keith Lerner, Truist co-chief investment officer, join 'Closing Bell' to discuss market crosscurrents, the bears and bulls equities debate, and the market outlook.

Persons: Keith Lerner, Cameron Dawson, Truist Organizations: CPI

☆ Watch CNBC's full interview with NewEdge Wealth's Cameron Dawson and Truist's Keith Lerner
▼ + stars: | 2023-08-10 | 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 NewEdge Wealth's Cameron Dawson and Truist's Keith LernerCameron Dawson, chief investment officer for NewEdge Wealth, and Keith Lerner, Truist co-chief investment officer, join 'Closing Bell' to discuss market crosscurrents, the bears and bulls equities debate, and market outlook.

Persons: NewEdge Wealth's Cameron Dawson, Truist's Keith Lerner Cameron Dawson, Keith Lerner, Truist

☆ Analysis: Rising bond yields emerge as pressure point for US stock rally
▼ + stars: | 2023-08-09 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

This year, it’s largely been a different story, with bond yields rising on better-than-expected economic data. The S&P 500 (.SPX) has rallied over 16% from its March lows, despite a roughly 50 basis point increase in the yield on the benchmark 10-year Treasury note over that time. That dynamic has changed in recent days, however, as Treasury yields have approached last year’s high while the S&P 500 has fallen 2% from its July peak. The bank’s analysts called rising yields "an underpriced risk" for the equity market. The S&P 500 fell 2.3% last week, its biggest weekly drop since March.

Persons: Brendan McDermid, it’s, Keith Lerner, Moody's, Peter Tuz, Refinitiv, Lerner, Matthew Miskin, Lewis Krauskopf, Ira Iosebashvili, Grant McCool Organizations: New York Stock Exchange, REUTERS, Federal Reserve, U.S ., BofA Global Research, Advisory Services, Fitch, Apple, Chase Investment, John Hancock Investment Management, Thomson Locations: New York City, U.S, United States, China, Charlottesville , Virginia, Truist

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