The S&P 500 could advance by 10-20% this year, but investors should hold off on buying for the next few weeks, according to Chris Watling, the CEO of independent financial research firm Longview Economics.
U.S. stocks jumped to record highs on Thursday as tensions between Iran and the U.S. cooled, with the S&P 500 closing 0.7% higher at 3,274.70.
In a note published this week, Longview said its current market timing models are close to "sell" for the U.S. index, since risk appetite has become "greedy" and markets are "complacently priced." The latest AAII Sentiment Survey published on Thursday placed pessimism among individual investors at a six-week high. Bullish sentiment for the next six months is seen falling 4.1 percentage points to 33.1% versus a historical average of 38.0%. Bearish sentiment, or expectations that will stocks will fall over the next six months, jumped 8.0 percentage points to 29.9%.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Peak TV Update: Scripted Originals Top 500 in 2019, FX SaysIn FX's annual update on the state of scripted, total volume came in at 532 originals, up 7 percent year-over-year.
Weiterlesen »
Scientists have extended the lifespan of these animals by 500 percentThe latest results could have implications for the development of new anti-ageing therapies.
Weiterlesen »
S&P 500 hits record high as concerns fade over U.S.-Iran escalationS&P 500 hits record high as concerns fade over U.S.-Iran escalation and the potential of an all-out conflict in the Middle East Follow ReutersBiz for more breaking business news
Weiterlesen »
Alcohol-Fueled Deaths Double in U.S. Over Past 20 YearsThat's about 1 million deaths lost to booze over less than two decades, with white women experiencing the greatest annual increases.
Weiterlesen »
Bed Bath & Beyond will delay 20 store closuresThe company originally planned to close 60 locations, including 40 Bed Bath & Beyond stores, in fiscal 2019.
Weiterlesen »
What an OTQ Means 20 Years After Making Her Marathon Trials DebutFormer pro triathlete Ruth Brennan Morrey ran 2:43:41 at CIM, breaking the PR she set when she was 24 and nabbing a bib for Atlanta in February.
Weiterlesen »