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Feb 11
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LONG
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Brian Belski
Investment Committee Member
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"We're in the process of transitioning... from a momentum multiple driven market to an earnings driven market... Other areas of the market are working: Dividend Growth, Value, Small Cap." As the bull market matures (Year 4), price appreciation will no longer come from PE expansion (hype) but from actual earnings delivery. Since Small Caps and Value have lagged, capital will rotate there as they gain earnings credibility. LONG. Focus on Dividend Growth and Small Cap sectors as the market broadens. If rates stay persistently high, Small Caps (which are rate-sensitive) may struggle to finance growth. |
CNBC
Here's how to trade around the hot jobs repor...
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Feb 09
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LONG
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Peter Boockvar
Chief Investment Officer, BFG Wealth Partners
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While Big Tech creates the tools, the rest of the US market (Value stocks) are the customers. For the tech sector to succeed, they must sell their products to traditional industries. As traditional companies integrate new technology, they become more efficient and profitable, boosting their earnings and stock prices. The rotation is moving away from pure tech creation toward tech adoption in the broader economy. Failure of traditional companies to effectively integrate new technologies. |
CNBC
Dollar weakness was a major catalyst for glob...
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