'Easy money is behind us, the hard money is now,' Stifel's chief strategist warns
Publishing timestamp: 2023-04-25 20:29:56
Summary
Stifel's chief equity strategist, Barry Bannister, believes that the market is on a flat-range trading climate and that the S&P 500 will be trading at 2021 levels in 2031. He also favors value over growth and overweighting small caps, but this strategy is questioned by "Fast Money" trader Dan Nathan. The Russell 2000 index of small cap stocks is up about 42% over the past three years and off less than one percent so far this year.
Sentiment: NEGATIVE
Keywords: stock markets, technology, high-yield bonds, us dollar, investment strategy, economy, municipal bonds, monetary policy, wall street, dxy us dollar currency index, s&p 500 index, markets, mutual funds, russell 2000 index, fiscal policy, recessions and depressions, business news, interest rates, currency markets,
Source: https://www.cnbc.com/2023/04/25/easy-money-is-behind-us-the-hard-money-is-now-stifels-warns.html