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Feb 16
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LONG
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Chief Investment Strategist
ING Belgium
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European banks are trading at "very low by historical standards" valuations (approx 1x price-to-book, 10-11x earnings) and are benefiting from a "steep yield curve." A steep yield curve naturally expands Net Interest Margin (NIM) for banks. Combined with a non-recessionary environment in Europe and dirt-cheap valuations, the risk/reward is heavily skewed to the upside compared to US peers. LONG. Focus on European financials. Regulatory intervention or a sudden flattening of the yield curve. |
Bloomberg Markets
Bonds Rise on Rate-Cut Bets; Gold Dips Below ...
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Feb 09
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LONG
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Sam Stovall
Chief Investment Strategist at CFRA
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Stovall points to specific sub-industries that are participating in a broadening market rally. This is a technical momentum trade. These specific sectors have recently moved back above both their 50-day and 200-day moving averages. When price crosses above these averages, it often signals a shift from a downtrend to an uptrend and indicates healthy market breadth. 30 sub-industries moved above these key technical levels last week, with these three sectors explicitly named as leaders. A reversal in the broader market could cause these sectors to fall back below support levels. |
CNBC
Expectation of Fed rate cut in June will supp...
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