Sell-off in context and ‘stocks to help you sleep at night’ from a BofA quant strategist

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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

BofA U.S. equity and quant strategist Savita Subramanian put Monday’s sell-off in context and provided “stocks to help you sleep at night” options,

“The S&P 500 has retreated over 8% from its July 16 high. But pullbacks of this magnitude are not unusual: 5%+ pullbacks have occurred 3x per year, on average, since the 1930s … And 10%+ corrections have occurred 1x per year on average; we are effectively due, as we last saw a correction in fall 2023. In our view, a full-fledged bear market is unlikely: just 50% of the signposts that historically preceded S&P 500 peaks have been triggered vs.

The stocks are Consolidated Edison Inc., Lockheed Martin Corporation, Jack Henry & Associates Inc., Alliant Energy Corp., Rollins Inc., Procter & Gamble Company, CMS Energy Corporation, Kroger Co., ResMed Inc., Xcel Energy Inc., Aflac Incorporated, W. R Berkley Corporation, PepsiCo Inc., Assurant Inc., CH. Robinson Worldwide Inc., Essex Property Trust Inc., Packaging Corporation of America, Kimberly-Clark Corporation, Digital Realty Trust Inc., Walmart Inc., Oboe Global Markets Inc.

“4 potential catalysts for recent events which in order are: i) weak US data , ii) the general concern over tech , iii) the surprise BoJ move ), iv) the lack of any aggressive stimulus in China post the Third Plenum. July/ August sell-offs of 10%+ are not that unusual can be quickly reversed or, occasionally, the start of a bear market ”“i) Tacticals: Risk Appetite is now 0.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

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