US stocks have been trouncing their overseas competition for years, and there were reasons to think it was going to happen again as the global economy got back on its feet.. Jefferies small- and mid-sized stock strategist Steven DeSanctis says that's the reasoning behind one shift he's "disappointed" to make, as he's reversing a call in favor of US stocks that he made just three months ago.following the huge rally that lasted for most of this spring.
"The US is struggling to keep virus under control while Europe and China have done better," he wrote in a note to clients. "We think the economic news in both Europe and China will continue to improve, while data in US will be mixed." If the failure to contain the virus hurts the US economy more than the economies of its peers, that's also going to affect the respective currencies of the US, Europe, and China. DeSanctis says that's likely to intensify the trends behind his new call.
"Europe and China are getting back to full capacity with the US lagging behind, thus we think dollar could be weak and helps foreign more than domestic," he said.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Inside the life of a pregnant mental health counselor during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No one cares.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Investing strategy, small-cap stock picks: fund manager James Callinan - Business InsiderA high-growth fund manager who's returned 7 times more than his peers this year tells us how he's shifting from post-pandemic tech themes into 'real companies' — and shares 6 picks set to win the market's next phase NaijaFlyingDr Okay
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Business Insider's best investing stories of the week ended July 21 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Best businesses to start despite the 2020 pandemic and recession - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
US stocks edge higher as traders weigh new spending bill against rising China tensions | Markets InsiderUS stocks edged higher on Wednesday as traders weighted the prospects of a new spending bill against inflamed tensions with China. Concerns of a... Stop reading all of this and start investing in ETFs and index funds! Market always goes up over long time horizons but fluctuates on a daily basis. Think long term! Instead of reading this, start learning about budgeting! Building a good budget allows you to cut expenses so you can invest more money!
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
US stocks fade into the close as doubts around a rescue bill erase gains | Markets InsiderUS stocks limped into the close on Tuesday, paring earlier gains, after Senate Majority Leader Mitch McConnell said he doesn't expected another ... Buy the dip 📈
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »