Investor appetite for equities has diminished from “extremely elevated levels” over the last two weeks, prompting questions about how much demand may still be left to push stocks higher, according to strategists at Deutsche Bank.
“As earnings recover, corporate buybacks should rise to a new record but are unlikely to provide a meaningful boost to equities,” partly due to the increase in stock prices, the strategists said. In another example, they said “systematic strategies have limited room to add to their equity allocation while any loss of equity momentum will see them start to sell.”
Esty Dwek, global market strategist at Natixis Investment Managers, expects that cash will find its way into the stock market, which she says can keep pushing higher against a backdrop of economic growth, fiscal support that is “here to stay,” and an accommodative Federal Reserve. Read: Fed’s Evans blames weak jobs report on ‘growing pains’ but sees strong job growth for rest of 2021
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »