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Ron DeSantis rarely mentions the specifics of his religion, faith, or practice of it. Ron DeSantis delivers remarks during the Project Opioid conference at First Presbyterian Church in Orlando on Aug. 20, 2019. Ron DeSantis and his wife Casey stand during the Pledge of Allegiance at a campaign event, Wednesday, May 31, 2023, in Cedar Rapids, Iowa. Ron DeSantis and his wife, Casey, bow their heads during a prayer at a campaign event, Wednesday, May 31, 2023, in Cedar Rapids, Iowa. Ron DeSantis speaks during a campaign event, Tuesday, May 30, 2023, in Clive, Iowa.
Persons: Ron DeSantis, wouldn't, , Joe Burbank, Brian Burch, Burch, DeSantis, Donald Trump, Joe Biden, Biden, He's, Nate Hochman, Hochman, Maria Sullivan, Casey, Charlie Neibergall, Sullivan, Piers Morgan, there's, that's, Phelan M, Paul Harvey, Cary McMullen, John F, Kennedy, El Paso Bishop Mark Seitz, Miami Archbishop Thomas Wenski, Wenski, heartburn, US Sen, Joni Ernst, David Polyansky, Ted Cruz, Bob Vander Plaats, Vander Plaats, John Stemberger, Stemberger, we've, Trump, Mike Pence, Tim Scott, Pat Robertson, Michael Binder, Tom O'Shields Organizations: Catholic, Service, Florida Gov, First Presbyterian Church, Orlando Sentinel, DeSantis, GOP, New York, Our Lady Star, Republican, Gov, AP, Lourdes Catholic School, The, Catholic Church, El Paso Bishop, Miami Archbishop, Florida Conference of Catholic, US, Policy Council, Trump, University of North, Lilly Endowment Inc Locations: Florida, GREENVILLE, S.C, Iowa, South Carolina, Orlando, Tallahassee, DeSantis, Catholic Church, Northeast Florida, Cedar Rapids , Iowa, Dunedin , Florida, Ohio, Galilee, Israel, Tampa , Fla, Lakeland , Florida, California, Texas, Des Moines , Iowa, Clive , Iowa, University of North Florida, Greenville, Easley , South Carolina
"Further strength might beget further strength because of the FOMO factor," he added, using the popular acronym for "fear of missing out." "Inflation has clearly subsided, and yet labor market strength has remained intact," wrote BMO Capital Markets chief investment strategist Brian Belski in a recent note. “Moving past the debt ceiling and at least having some economic data that looks ok is actually enough to get some people interested,” said Keith Lerner, co-chief investment officer at Truist Advisory Services. Lerner on Monday shifted his expected S&P 500 range for this year up to 3,800-4,500, from 3,400-4,300 previously, citing improving earnings trends among other factors. For Hans Olsen, chief investment officer at Fiduciary Trust Co, that’s an ominous sign.
Persons: Cash, Chuck Carlson, Brian Belski, BofA, , Keith Lerner, Lerner, Monday, John Lynch, Hans Olsen, Olsen, Lewis Krauskopf, Ira Iosebashvili, Diane Craft Organizations: YORK, BofA Global, Deutsche Bank, Horizon Investment Services, BMO Capital Markets, ” BMO, Reuters Graphics, ISI, Advisory, Comerica Wealth Management, Microsoft, Nvidia, Reuters, Thomson
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBMO's Brian Belski explains why his firm raised S&P 500 price target to 4,550Brian Belski, chief investment strategist at BMO Capital Markets, Joe Terranova, chief market strategist at Virtus Investment Partners, Jason Snipe, founder and CIO at Odyssey Capital Advisors, and Karen Firestone, CEO at Aureus Asset Management, join ‘Halftime Report’ to discuss market as stocks hit session low.
Persons: Brian Belski, Joe Terranova, Jason Snipe, Karen Firestone Organizations: BMO Capital Markets, Virtus Investment Partners, Odyssey Capital Advisors, Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. bringing earnings stability and acceleration to tech, says BMO's Brian BelskiJoe Terranova, Kari Firestone, Jason Snipe, and Brian Belski, joins 'Halftime Report' to discuss secular bullishness, BMO raising their S&P 500 target, and A.I. bringing unforseen strength to the tech sector.
Persons: Brian Belski Joe Terranova, Kari Firestone, Jason Snipe, Brian Belski Organizations: BMO
A strange year: Halfway through, there is a wide difference of opinion on earnings Strategists analyze the macroeconomy to come up with an estimate for corporate earnings. They analyze individual company performance to come up with earnings estimates, which are then aggregated into an overall estimate by agencies like FactSet or Refinitiv. The S & P 500 reported $218 in earnings in 2022, according to Refinitiv. This highlights the difference between analysts and strategists: Analysts have models for earnings of individual companies, not the macroeconomy as strategists do. However, in this case, their reticence to slash earnings estimates in expectation of an imminent recession or a banking crisis has proved to be correct.
Persons: Morgan, Mike Wilson, Wilson, Goldman Sachs, Jan Hatzius, Mike Wilson's, John Stoltzfus, Oppenheimer, David Kostin, Brian Belski, Jonathan Golub, Lori Calvasina, Savita Subramanian, Chris Harvey, Ed Clissold, Ned Davis, Hatzius Organizations: Here's, BMO, Credit, RBC, Wells, Bloomberg, Bank Locations: U.S
The stock market's strength in 2023 is giving BMO Capital Markets reason to turn more bullish on the setup going forward. But even after a slew of significant rate increases, signs point to easing inflation and a strong and a resilient labor market, Belski said. .SPX YTD mountain S & P 500's 2023 performance "In other words, we believe the anticipated recipe for disaster is simply not present," he wrote. "So, from our perspective, all the worries that damaged 2022 market performance are slowly beginning to subside." "So, despite an extremely strong YTD sector performance, we believe the momentum, even if it slows a bit, is likely persist for the foreseeable future."
Persons: Brian Belski, CFRA's Sam Stovall, Belski, Price, — CNBC's Michael Bloom Organizations: BMO Capital, Federal Reserve Locations: Tech
But leading strategists at BMO don't see that narrow breadth as a serious concern. Investors shouldn't be too unsettled by the bad breadth in the stock market this year, according to top strategists at BMO Capital Markets. BMO Capital MarketsThose tech giants have beaten the broader market each of the first five months of 2023 and have crushed the S&P 500 overall. BMO Capital Markets"We found that narrow market breadth in general does not represent a bad omen for S&P 500 performance despite the contrary narrative being pushed by many investors," Belski wrote. Such scenarios have put the S&P 500 in positive territory 100% of the time in the following three and six months, with returns of at least 6%, Belski noted.
Persons: Brian Belski, Belski Organizations: BMO, BMO Capital Markets, Microsoft, Nvidia, BMO Capital
Slower US job, wage gains expected in May
  + stars: | 2023-06-02 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +5 min
Nevertheless, the Labor Department's closely watched employment report on Friday is expected to still show the labor market remaining tight. PROGRESS ON INFLATIONBut the overall labor market remains upbeat, with first time applications for state unemployment benefits hovering at very low levels. Slowing wage inflation is corroborated by other measures like the Atlanta Fed's wage tracker, which has come off its peaks. Financial markets see a nearly 70% chance of the Fed keeping its policy rate unchanged at its June 13-14 meeting, according to CME Group's FedWatch Tool. The Labor Department's Bureau of Labor Statistics, which compiles the employment report, did not record the work stoppage in its May strike report.
Persons: Bill Adams, Brian Bethune, Nancy Vanden Houten, Lucia Mutikani, Chizu Organizations: Federal Reserve, Labor, Comerica Bank, Data, Labor Department, Atlanta, Boston College, Fed, Writers Guild of America, Labor Department's Bureau of Labor Statistics, Oxford Economics, Thomson Locations: y WASHINGTON, Dallas, New York
Anyway, this lopsided distribution is exactly what's showing up in the stock market right now. The S&P 500 has climbed about 9.2% this year, but just five stocks are powering most of that gain in an even more extreme rendition of the Pareto distribution. In previous streaks of strong outperformance of five months or more by supersized companies, he pointed out that the S&P 500 has averaged returns of 6.7% in the subsequent six months. "[P]utting mega caps aside, we found that narrow market breadth in general does not represent a bad omen for S&P 500 performance despite the contrary narrative being pushed by many investors," Belski added. What's your outlook for the rest of the stock market this year, not including mega-caps?
Persons: Phil Rosen, ChatGPT, Tim Cook, Jerod Harris, Brian Belski, Belski, Elon Musk, Jonathan Ernst, Redfin, Larry Pitkowsky, Bitcoin, Max Adams, Nathan Rennolds Organizations: Apple, Getty, Nvidia, Microsoft, BMO, Reuters, Dell Technologies, Broadcom, Bank of America Locations: Beijing, China, United States, New York, London
Wrexham embrace surprise American fan base on the road
  + stars: | 2023-05-31 | by ( Amy Tennery | ) www.reuters.com   time to read: +3 min
Instead, the club has become a source of intense fascination for an American fanbase often blithely ignorant of the English Football drama that unfolds each year across the Atlantic. "People are looking for reasons to be excited and feel good. And Wrexham is certainly a feel good story," said Brian Berklich, chief marketing officer at Sports Endeavors, whose Soccer.com is the retail and content partner for the tournament. "There's been a lot of heartbreak and mystery around the club for a good long time now. And what the owners have done is they galvanized the whole town and they've really brought more of a community feel," said Howard.
Persons: Boreham, Rob McElhenney, Ryan Reynolds, Jon Mugar, Mugar, Brian Berklich, Steve Nash, Cesc Fabregas, Mark Howard, Andy Morrell, Lee Trundle, We've, Howard, There's, they've, They've, Amy Tennery, Toby Davis Organizations: Soccer Football, National League, Wrexham, League, English Football League, English Football, Dallas Cowboys, Sports, Spain, Reuters, Chelsea, LA, Manchester United, Thomson Locations: Wrexham, Britain, U.S, American, Cary , North Carolina, TST, Como, Chapel Hill , North Carolina, Los Angeles, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBMO’s Brian Belski: Market’s resilience does not necessarily hang on mega-capsBrian Belski, BMO chief investment strategist, joins ‘Halftime Report’ to discuss what lies ahead in the market amid AI mania and rally in tech stocks.
Persons: Brian Belski Organizations: BMO
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia pulls back after recent surge. Here's what the pros have to sayJim Cramer, Brian Belski of BMO Capital Markets and Joe Terranova of Virtus Investment Partners on what they think about Nvidia after the stock fell Wednesday.
Persons: Jim Cramer, Brian Belski, Joe Terranova Organizations: Nvidia, BMO Capital Markets, Virtus Investment Partners
But according to tennis star and Heat fan Coco Gauff, Butler is either excellent at predicting the future or just extremely confident. In the lead up to the French Open, Gauff hinted she had a “funny story” about Butler but was “going to save it” to avoid jinxing it. Butler drives to the basket during Game 7 of the Eastern Conference Finals against the Boston Celtics. 8 seed Heat’s miraculous run to the NBA Finals, beating the No. The NBA Finals begin on Thursday in Denver.
Persons: Jimmy Butler’s, Coco Gauff, Butler, Gauff, Roland Garros, Brian Babineau, , , I’ll, ’ ” Gauff, , ” Gauff, Jimmy Butler, Rebeka Masarova Organizations: CNN, Miami Heat, Boston Celtics, NBA, Denver Nuggets, Eastern, Hawks, Celtics, Milwaukee Bucks, New York Knicks Locations: Madrid, Rome, France, Denver
Watch CNBC’s full interview with BMO’s Brian Belski
  + stars: | 2023-05-31 | 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 BMO’s Brian BelskiBrian Belski, BMO chief investment strategist, joins ‘Halftime Report’ to discuss what lies ahead in the market amid AI mania and rally in tech stocks.
Persons: BMO’s Brian Belski Brian Belski Organizations: BMO
Apple, Nvidia, Alphabet, Microsoft and Amazon have fronted the S&P 500's advance so far in 2023. But if the rally in those mega-caps fades, the market can still post gains, said BMO Capital MarketsAlso, narrow market breadth generally "does not represent a bad omen for S&P 500 performance." In the 12 months afterward, the S&P 500 climbed an average of 22.2%. Six months out, the S&P 500 was up more than 12%, and 12 months out, it had tacked on 43.6%. "Our work shows that the S&P 500 index recorded a 13.2% annualized price return during these periods of narrowing market breadth with the only loss coming in 2001-2003," he wrote.
Persons: , peters, ChatGPT, Brian Belski, Belski Organizations: Apple, Nvidia, Microsoft, BMO Capital Markets, Service, Amazon, BMO
Beyond working on brand and marketing design, product design, and research and content design, Butler strives to make the fitness website and app something for everyone. Combining her background in advertising, marketing, creative, and product design, she's at the forefront of Strava's user experience. There's about [several] functions that report to me: product design, brand design, content and copywriting, also content design and copywriting, design operations and then research. My team really works on the product experience — so the Strava app, iOS and Android, as well as our web-app experiences, desktop and mobile web. At Strava, when you're not in tech — like not product management, engineering, or product design — it seems like we're much better balanced.
Persons: Anita Patwardhan Butler, Butler, , Strava's, she's, we're, we've, you've, Sephora, It's, Zipporah Allen, Brian Bell, I've, Linh Le Organizations: Service, Meta, Twitter, Strava, Facebook, Walmart, Hotwire, Sephora Locations: Big Tech, America, Sephora, Taiwanese, Strava, Mumbai, India, Nairobi
In 1967, Agnes Martin left New York for the New Mexico desert, avoiding the art world for years. Now, another New York artist is making a unique and provocative exit. On Darren Bader’s humorously named website, aaronbader.com, a sign reads: “20 Yrs: Selling My Practice.”“It’s been a good ride,” he says on the site. If he finds a buyer, he will be prohibited from being Darren Bader the contemporary artist, and that identity will be taken over by the buyer. He’s often (unflatteringly) called a prankster, but if this is a prank, it’s the kind that comes with an eight-page contract, drawn up with the attorney David Steiner (also known as artist Alfie Steiner).
The Aoraki Mackenzie International Dark Sky Reserve is especially great for star gazing. But in one of the darkest places on Earth — the Aoraki Mackenzie International Dark Sky Reserve in New Zealand — that's not an issue. Aoraki is the second-largest dark sky reserve in the world, ranking at a level 2 on the nine-level Bortle Dark-Sky Scale for light pollution. The Aoraki Mackenzie International Dark Sky Reserve is located in southern New Zealand. Igor HoogerwerfAccording to Jason Menard, an executive at Mackenzie Tourism, The Aoraki Mackenzie International Dark Sky Reserve is one of the best places to view the Milky Way — and that's pretty evident in this photo.
Deutsche Bank thinks Charles Schwab stock is poised to break out in a more challenging market environment in the next three-to-six months. Analyst Brian Bedell also noted that Charles Schwab shares could get a boost once market volatility picks up. SCHW YTD mountain Shares of Charles Schwab have lost about 37% from the start of 2023. "After a lull in market volatility since March, we expect turbulence to resume this summer, assuming economic data weakens & markets increasingly debate recession timing and Fed policy," he wrote Thursday. Bedell also said that a slowdown in cash sorting will also help Schwab shares.
The NewsFrustrated, powerless and with little hope of regaining significant influence anytime soon, Republican lawmakers in Oregon have in recent years turned repeatedly to a disruptive tactic: boycotting their own legislature. It has been so disruptive that voters altered the Constitution last year to punish those who were repeatedly absent by barring them from re-election. But now, as the legislature debates contentious bills over abortion and transgender rights, some lawmakers are boycotting once again. This week, in the first significant test of the new law, three state senators reached the legal threshold of 10 unexcused absences. There are no term limits in the legislature, but some senators are facing re-election campaigns as soon as next year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bull and bear case for stocks, according to T. Rowe Price's Page and BMO's BelskiT. Rowe Price’s Sebastien Page and BMO’s Brian Belski, joins 'Closing Bell' to offer the bull vs. bear case for where stocks go from here.
CNN —Doyle Brunson, dubbed ‘The Godfather of Poker,’ has died at the age of 89, according to a family statement shared by his agent Brian Balsbaugh on Twitter. “It is with a heavy heart we announce the passing of our father, Doyle Brunson,” the statement read. May he rest in peace.”The World Poker Tour said Brunson, one of the most recognizable faces in poker history, died on Sunday in Las Vegas. “His impact on poker will be felt for generations to come,” the World Poker Tour tweeted. There will never be another Doyle Brunson,” Daniel Negreanu, one of the world’s best poker players, wrote on Twitter.
Investors should get used to directionless trading, according to BMO Capital Markets. The S&P 500 has bounced between technical support and resistance levels, especially recently. BMO Capital MarketsBulls or bears hoping for a breakout in one direction or another will both be disappointed, according to BMO Capital Markets. 21 cheap quality stocks to buy nowBut even if US stocks stay stagnant for months, BMO believes investors can outperform by targeting high quality companies that have reasonable valuations and price momentum. Such stocks typically log double-digit returns while the S&P 500 is in a tight range, Belski noted.
As valuations drop, investors are increasingly looking to the secondary market to sell their startup shares. This scramble to cash out has led to a steep drop in prices for secondary transactions. With secondary transactions, investors can sell all or part of their stake in a VC fund in order to realize gains earlier than they otherwise would. In some cases, he says, StepStone has even acquired startup shares on the secondary market at prices 80% below their most recent funding rounds. Secondary investors came into 2023 sitting on $131 billion in dry powder, according to a survey from investment advisory firm Evercore.
BMO's Brian Belski defends his secular bull case for the market
  + stars: | 2023-05-02 | 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 EmailBMO's Brian Belski defends his secular bull case for the marketBrian Belski, BMO chief investment strategist, joins 'Halftime Report' to discuss his base case for the markets and his outlook for markets.
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