Financial markets have shrugged off the violence and chaos on Capitol Hill, with both the Dow DJIA, +1.44% and S&P 500 SPX, +0.57% hitting new highs on Wednesday and the Nikkei 225 notching another 30-year record on Thursday.
Lowering the temperature on their long-held bias toward growth stocks, which has historically kept their rating on the U.S. market overweight, is part of the rationale behind downgrading the U.S. market to neutral. The best returns are expected in the U.K., where Citi forecasts 7% growth for the FTSE 100 UKX, -0.57%, and Australia, where they expect the S&P/ASX 200 XJO, +1.59% to rise 6%. Emerging markets, notably China, Korea, and Russia, are singled out by the strategists for growth.
The Citi strategists said that much of their forecast on recovery may already be priced into the market, because the MSCI All Countries World Index is trading at 20 times consensus earnings per share — far higher than the long-term median of 15 times. By that measure, the U.S. is the most expensive of the major markets, and the U.K. the cheapest.
Senior members of Trump’s administration have discussed the possibility of invoking the 25th Amendment of the Constitution, according to CBS. If invoked — for the first time in history — it would remove Trump as president and make Vice President Mike Pence the commander-in-chief.U.S. officials are considering banning Americans from investing in Alibaba and Tencent, China’s two most valuable publicly-listed companies.
Kamel toe
To be frank, the stock would just work fine whoever in the position. It has been growing well untill Wuhan Virus happened and it would do well as soon as the Wuhan virus lessen
Apple
Why would you use a picture of the VP-elect to accompany this article? Are you trying to insinuate something about Democrats? Or black women in leadership positions?
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