Search Results
Results 2,451–2,500
of 2,793 found.
Rough Waters? Trim the Sail
by Team of Emerald Asset Advisors,
These are interesting times, to say the least, for politicians, businessmen and investors alike. Given the systemic challenges and political standoffs in the U.S. and Europe, we believe it's wise to keep a little extra powder dry. While we generally prefer to be fully invested, we believe our more conservative stance may help dampen the impact of what could be some extreme market volatility in the time ahead. The situation is fluid and we intend to redeploy the cash and short exposure into the markets as some of these risks dissipate, but for the time being, we're trimming the sail.
Would a Stock Market Decline Be a Good Thing For President Obama?
by Team of Bespoke Investment Group,
We have repeatedly noted in the past how even though many consider him to be a tough critic of Wall Street, President Obama has presided over one of the strongest stock market rallies in history.In fact, the only other President who saw better returns in his first two years in office was FDR.In spite of the strong stock market returns, President Obama has received little credit. Back in June wenotedthat even though he has one of the lowest approval ratings at this point in his Presidency, no US President has seen better stock market returns at this point in his Presidency.
On Your Mind: The Debt Ceiling, US Credit Rating and Potential Default
by Team of Charles Schwab,
We are disappointed in the continued inability of Washington to resolve the current short- and long-term debt issues. However, we do not believe now is the time to make major portfolio adjustments given US companies' continued strong earnings reports, few signs of a double-dip recession, and few signs that the bond market currently questions the fundamental ability of the US to pay its bills. Be prepared for more volatility as the political negotiations continue. Watch the VIX index for upward spikes indicating that investors are losing patience.
Quarterly Letter
by Team of Grey Owl Capital Management,
We remain concerned about the global economy and suspect of broad asset class valuations.However, in a world of tens of thousands of securities there are always opportunities.Absent a significant market correction, we are likely to continue to hold cash or dry powder.We also continue to look to hold assets that can perform well in an inflationary environment, as dollar debasement seems to be the political path of least resistance out of our current problems.The politicians appear happy to solve the problems maana. We on the other hand are happy to make hay when the sun shines.
Why We Think the U.S. Wont Default on Its Debt
by Team of American Century Investments,
We believe its highly unlikely that the U.S. government will miss any of its scheduled debt payments in coming months, or that related market uncertainty and volatility will cause our money market funds to break the buck (be forced to transact share purchases and redemptions at prices less than the usual $1 per share). To help explain market behavior under unstable conditions, we often repeat the following adage: investment markets hate uncertainty. We tend to be leery of uncertainty because it can trigger investor skittishness, irrational behavior, and volatility.
Are the Housing GSEs and TBTF Banks Blocking the Economic Recovery?
by Team of Institutional Risk Analyst,
The housing GSEs and the largest banks are blocking the economic recovery by denying Americans from refinancing their home mortgages. If the Obama Administration wants to see the US economy recover, then we must start the real process of restructuring that Washington & Wall Street have been avoiding since 2007. Obama may not be able to turn things around before the 2012 election, but he will be remembered more kindly in the history books if he has the courage to do the right thing. As always, we are available to help in this process.
On Your Mind: Debt Ceiling and the US Dollar
by Team of Charles Schwab,
The uncertainty surrounding the upcoming decision on the debt ceiling has been a negative factor for the dollar. A US default and/or a downgrade of the US credit rating would almost certainly be negative also. It could weaken confidence in the dollar and cause it to fall. However, there are many global factors driving demand, including support of Japan and China, which continue to be large holders of US Treasuries. It would not be in their interest to sell dollar-denominated assets, including Treasuries, if there was simply a rating change or short-term default.
Global Overview: July 2011
by Team of Thomas White International,
The most recent economic indicators suggest a moderation in global economic activity growth, and forecasts for the current year have been lowered. Manufacturing activity decelerated for the second successive month in June across most major economies, except the U.S. Even Japan, which was expected to bounce back, reported slower growth. Among the emerging economies, economies suggest a decline in the pace of expansion. Consumer sentiment has weakened across the developed world over concerns about income growth as the labor market slipped again in select countries, most notably in the U.S.
Equity Investment Outlook
by Team of Osterweis Capital Management,
As evidence of a global economic slowdown accumulated, the stock market suffered a correction during the second quarter. This is hardly surprising given the market?s strong recovery from the depths of the 2008-2009 financial meltdown. After surging just over 100% from its low in March of 2009 and nearly 30% since August of just last year through the end of the first quarter 2011, the S&P 500 Index needed a breather. The 7% correction that occurred from the April high through the June low looks relatively modest to us in light of how far and how fast the market has rallied.
Fixed Income Investment Outlook
by Team of Osterweis Capital Management,
The equity and high yield markets seem to be reacting to renewed fears of sovereign debt defaults in Europe and slower economic activity in the U.S. The duration and ultimate severity of our economic slowdown is still in question, as inflation fears seem to have temporarily abated and the yield curve in the U.S. is steep, which has historically preceded economic growth. We are avoiding highly leveraged companies and longer-dated bonds, which may be vulnerable if a double-dip recession were to occur. There seem to be many sellers of shorter-dated bonds from which to choose.
We See This Slowdown as Temporary Too
by Team of American Century Investments,
We?re experiencing another mid-year economic slowdown, with renewed fears of a double-dip recession. Will the recovery regain momentum, like last year? The fixed income team, thinks so. Two years after the Great Recession ended, we?re still struggling to escape its lingering grip. Major facets of that struggle include the market and financial extremes the recession generated. U.S. economic growth and financial market benchmarks are striving to shift back to more normal/average levels. These cyclical shifts from historic extremes interest us as sources of potentially value-adding positioning.
Pacific Basin Market Overview ? June 2011
by Team of Nomura Asset Management,
Faced with the imminent withdrawal of the Fed?s QE2 policy, the ongoing sovereign debt woes in the Euro-zone, and concerns over a slowdown in China, the Asian equity markets were at best only able to range trade during the second quarter. The broad indices remained relatively flat, with the MSCI AC Asia Pacific Free Index declining by 0.50% while the MSCI AC Asia Pacific declined 0.87%. As the immediate concerns over the sovereign debt crisis in Europe subsided, a steady recovery in domestic production also helped to lift the Japanese market and trigger a late rebound in equity prices.
Ben Bernanke channels Genworth Financial; Chris Laursen on bank trading under the Volcker rule
by Team of Institutional Risk Analyst,
This week we republish an important article by Christopher Laursen, NERA Vice President, on bank trading under the Volcker rule. And we ask whether Fed Chairman Ben Bernanke knew he was saying about the conforming loan limit yesterday before the House Financial Services Committee.
Americas: Economic Review June 2011
by Team of Thomas White International,
The economic growth outlook in the region has moderated, as both global demand and domestic consumption growth are slowing down. Consumers are less confident than earlier this year, public spending remains restricted due to continuing fiscal challenges, and businesses have become more cautious in their hiring and investment plans. Commodity and energy prices have corrected, while manufacturing activity growth has slowed down. Even in this environment, inflation risks remain significant in some of the large emerging economies where monetary policy is being tightened further.
Middle East/Africa: Economic Review June 2011
by Team of Thomas White International,
The Arab Spring brought with it waves of revolution, disrupting economies of almost all the countries in the Middle East and North Africa (MENA) region. While governments of Tunisia and Egypt look to pick up the pieces, continued rumblings of unrest are heard from Bahrain, Libya, Syria and Yemen. The World Bank expects the lowest growth in Egypt and Tunisia, clocking in at 1 percent and 1.5 percent respectively, in 2011. However, despite uncertainty, these two economies are projected to improve in 2012 and witness economic expansion of around 5 percent in 2013.
Developed Europe: Economic Review June 2011
by Team of Thomas White International,
The economic data reported from Developed Europe during June were mixed. According to the European Union?s statistics agency Eurostat, annual wage growth in the Euro-zone during the first quarter of 2011 was 2.3 percent compared to 1.4 percent in the last quarter of 2010. Although the figures reflect some degree of optimism in the labor market, they are a cause of worry in the context of inflation. In order to sustain their spending power amid rising prices, workers may continue to demand higher wages, which in turn may force producers to hike prices further and spark off a wage-price spiral.
Emerging Europe: Economic Review June 2011
by Team of Thomas White International,
In an update to its Global Economic Outlook published in April, the IMF sounded a cautionary note on the global economic recovery due to the slowing growth in the U.S. and the Euro-zone debt crisis. The Washington-based lender said it sees global activity slowing in the second quarter of 2011, though a rebound is expected in the second half of the year. Despite this forecast, the IMF exuded confidence that the strong growth in Germany, Italy, and France would offset the economic slackening in the U.S. and Japan.
Developed Asia Pacific: Economic Review June 2011
by Team of Thomas White International,
Developed Asia Pacific economies continued to face headwinds in June as the outlook for demand from both developed markets such as the U.S. and Europe, and emerging markets cooled. In the U.S., a lukewarm labor market caused concerns about the pace of economic recovery. In the emerging markets, persistent inflation fears were prompting higher interest rates. Both these factors are putting pressure on exports from Developed Asia Pacific economies. Japan, which specializes in exporting machinery and consumer durables, is feeling the heat of a slowdown in demand from consumer countries.
Emerging Asia Pacific: Economic Review June 2011
by Team of Thomas White International,
Emerging Asia Pacific economies continued to be troubled by persistent inflation in June. Almost every country in the region had to either hike benchmark interest rates or bank reserve requirement ratios to rein in lending and credit growth. The monetary tightening effects are largely expected to make capital more expensive and this in turn is expected to crimp growth across many emerging markets. Inflation, which thus far has been more pronounced among food and fuel items, now seems to be spilling over to structural inputs like labor as well.
On Your Mind: Debt Ceiling and the US Dollar
by Team of Charles Schwab,
Theres been a lot of media attention on the US debt ceiling and the outlook for the US dollar. Here we'll answer some of the questions weve been receiving from clients. The US debt ceiling: What are the chances of the U.S. defaulting on its debt? Will the United States automatically default if the debt ceiling isnt raised? When can we expect a resolution? What will happen if the United States does default? What does this mean for investors? Outlook for the US dollar: Is there a risk of the dollar collapsing in the short term? Is the world going to abandon the dollar as a reserve currency?
Lessons from Investor Behavior Studies: Better to Have Patience and a Plan
by Team of American Century Investments,
Recent studies raise important questions about investor behavior and the likelihood that investors will successfully reach their financial targets. It seems that the best way to increase the odds of investing success is to take a balanced approach, providing exposure to the broad asset classes without leaving investors overexposed to any single area. Risk and financial reward exist in relation to one another. But diversification works on the principle that the relationship is not linear?you have the potential to get more return for each unit of risk you take by spreading out your investments.
Exit Interview: FDIC Chairman Sheila Bair
by Team of Institutional Risk Analyst,
This week in The Institutional Risk Analyst, we feature a conversation with FDIC Chairman Sheila Bair as she nears the end of her term. Bair has been in and out of public service for three decades, including working for Congress, the Treasury and lastly the FDIC. She spoke to IRA co-founder Chris Whalen before the July 4th break.
The Drudge Headline Indicator
by Team of Bespoke Investment Group,
The Drudge Report is not a financial news site, so whenever a financial news story grabs the Drudge headline, it means that the story has crossed over from just a financial news story to a mainstream news story. And when a financial news story crosses over into the mainstream media, it means that those that don't follow the market on a regular basis are suddenly following the market. This nearly all of the time occurs when the market (or economy, etc.) is going down and not up.
ProVise Bullets
by Team of ProVise Management Group,
There are a little over 30 days left before the U.S. will technically default on its debt. Congress is still playing Russian roulette with the economy and the stock markets. We have seen what this type of Russian roulette has done to the stock market over the past eight weeks. The Republicans have talked about tax cuts and spending cuts, while the Democrats have pushed for increased taxes and smaller spending cuts. Although this would have been a perfect time for a serious debate on tax reform at both the individual and the corporate level, both of these seem to have been pushed to the side.
Macroeconomics and Presidential Elections
by Team of American Century Investments,
It?s now just 16 months until our next presidential election. Republican candidates have already begun the long process of party debates and fund-raising efforts. President Obama wasted no time as well, launching his re-election campaign effort in March. This upcoming election will likely focus on the economy and involve major debates over taxation, spending, job creation and the fundamental role of the government in our economy. As a result, the election outcome could have significant consequences for the types of policies, incentives and legislation that will be pursued post-November 2012.
A Tough Month for One Party
by Team of Bespoke Investment Group,
After the Republican Party took control of the House following the 2010 elections, the Democratic Party staged somewhat of a rebound in the polls. Over the past five months on the prediction market website Intrade.com, the odds for the Democrats to control the House and Senate after the 2012 elections steadily increased. The odds for President Obama to win re-election also trended higher. For whatever reason, however, the GOP has surged back in June. Below are historical charts of the Intrade.com contracts for the GOP to control the House, Senate, and White House following the 2012 elections.
Second Quarter Earnings Growth Expectations
by Team of Bespoke Investment Group,
The first chart below shows how expectations for Q2 S&P 500 earnings growth have changed over the past four months. From the end of February through the end of April, growth expectations rose from 10.7% to 14.1%. Since the end of April, however, earnings growth expectations have drifted lower and the consensus estimate currently stands at 13.3%. The peak in the Q2 earnings growth estimate coincides with the peak in the S&P 500 this year. Has the market dropped because of the drop in growth estimates, or have analysts lowered their estimates because of the market drop? We think the latter.
Passing Fad or Enduring Legacy? The Case for Owning Gold in Good Times and Bad
by Team of Emerald Asset Advisors,
Gold has been one of the few shining stars during a challenging 10+ years for most investors. In May, gold breached $1,500 an ounce, a new record. In fact, since bottoming out at $252 an ounce in 1999, gold has been enjoying a steady long-term bull run. This has prompted some prognosticators to warn that the "gold bubble" is ready to burst. On the other side of the coin, the more bullish "gold bugs" view the rally as confirmation of their long-held belief in the value of owning gold. Today, gold is still viewed by many as a somewhat exotic investment with little value.
Greek Drama and the Eurozone's Future: Wharton's Franklin Allen Weighs In
by Team of Knowledge @ Wharton,
After a week of political drama within his Socialist Pasok party and a new wave of violent riots in the streets, Greek Prime Minister George Papandreou survived a vote of confidence, helping to pave the way for his plans to unleash further austerity measures to keep the country afloat. It has been just over a year since he shepherded in a multibillion-euro rescue package from the International Monetary Fund and the European Union, which commits Greece to several more years of drastic budget cuts and will save it from defaulting on its staggering debt.
Japan Outlook ? June 2011
by Team of Nomura Asset Management,
Nomura?s forecast for Japan?s CY2012 real GDP growth is 3.2%, up from an expected rate for CY2011 real GDP growth of just 0.1%. Although there has been a temporary deterioration in Japanese economic indicators due to supply side constraints, such as capital stock damage, supply chain disruption, and electricity generating capacity shortfalls, we have already started to witness signs that these constraints are easing. The supply chain will return to normal this autumn, as production bases in the disaster-affected areas are restored or the users quickly switch to substitute components.
We?re Still Patiently Positioned for a Flatter Yield Curve
by Team of American Century Investments,
In this Weekly Market Update, we discuss the steep Treasury yield curve and our yield curve flattener trade. This economic cycle-based, duration-neutral, mean-reversion strategy?and how it fits with our other active positions?helps illustrate the investment process and outlook of the fixed income team. The gap between short- and long-maturity U.S. Treasury yields has been at or near historically wide levels since 2009. It?s an interesting facet of the latest economic cycle. One of our active positions is tied to an eventual narrowing of this spread to a more historically average level.
The World Held Hostage by Credit Default Swaps? Alford on the FOMC: Watch what they say
by Team of Institutional Risk Analyst,
In this issue of The Institutional Risk Analyst, we feature a comment from Richard Alford on the state of thinking inside the Federal Open Market Committee regarding monetary policy -- at least based on what folks at the Fed say in public. We also comment on the latest financial bailout, in this case the apparent salvation of the European and US banks in the CDS market from taking a hit in the restructuring of Greece.
The ?Great Recalibration?
by Team of Columbia Management,
Investors who have participated in the municipal market over the last several years are keenly aware of the volatility that the market has experienced. Increased market volatility has resulted from the reaction to subprime exposure; downgrades and eventual disappearance of monoline insurers; the exit of hedge funds and arbitragers from the municipal market; fiscal strains on state governments; and changes in demand dynamics with the intro and eventual elimination of Build America Bonds. As each of these issues came to bear, they were often the subject of sensational headlines.
What?s Wrong with Chinese IPOs
by Team of Renaissance Capital,
Another wave of Chinese IPOs is hitting the US equity market, but this time many US investors are staying dry. The reasons for this growing aversion are several, but paramount among them are evidence of actual fraud at a handful of companies. As a result, Chinese IPOs have been one of the worst performing groups in the US IPO market, which furthers investor avoidance of the sector. If an investor bought every Chinese IPO since 2008, the average return though mid June would have been a -24% loss, compared to a 25% gain on the average non-Chinese IPO.
ProVise Bullets
by Team of ProVise Management Group,
The more things change, the more they remain the same. That trite expression has been applied to many different things. We are applying it to what may be an early stage tech ?bubble?. Almost every investor is familiar with LinkedIn coming out at $45 per share then jumping to $120 per share in the first day of trading before settling in at $90 per share. Other examples abound. The very popular Facebook is estimated to be worth $76 billion. We have to admit that at least some of the tech companies are actually making money today with viable ideas, but the valuations still seem a bit absurd.
Understanding the Investment Process at Jensen Investment Management - Step One: Return on Equity
by Team of Jensen Investment Management,
We believe that Return on Equity is a very useful criterion for identifying companies that have the potential to provide attractive returns over long periods of time. Our experience and research suggest that our requirement of consistently high Return on Equity results in a universe of high-quality, profitable companies that are able to generate returns above their costs of capital in a variety of circumstances and economic environments. This paper serves to illustrate the reasons why we use Return on Equity the way we do, and why we use it for the first step of our investment process.
The Economy Hits a Soft Patch?But How Soft and How Long?
by Team of American Century Investments,
Most economists concur that the economy recently has hit a ?soft patch.? The revised estimate of first quarter GDP1 growth was only 1.8% on an annualized basis. Nonfarm payrolls grew only 54,000 in May, a substantial downward change from February to April when approximately 200,000 new jobs were added each month. And average housing prices have now declined for six consecutive months. The question investors are asking is whether this slowdown is temporary or a sign of a longer-term slowdown that is coming just as the Fed winds down its latest round of monetary stimulus at the end of June.
Global Overview: June 2011
by Team of Thomas White International,
Slower manufacturing growth triggers fears of another global economic downturn. Even as the global economy appeared to have entered a phase of stable growth, the unexpected slowdown in global manufacturing activity during the month of May has led to fears of another economic downturn. Activity indicators declined the most in developed economies where growth was expected to gain pace this year. However, unless the trend persists, it is more likely that the moderation in manufacturing activity growth is only a readjustment after several months of rapid expansion.
Pacific Basin Market Overview
by Team of Nomura Asset Management,
Europe?s sovereign debt woes and inflation fears have plagued the Asian equity markets recently, sending indices lower during May. The eventual withdrawal of QE2 also became a real concern for the markets. Japan?s post disaster market downturn continued in May, but mainly due to negative international factors this time. Meanwhile, domestic concerns about the ongoing negative impact of supply-chain disruption on manufacturers? earnings and the political disarray caused by a divided parliament and a weakened prime minister have continued to weigh on the market.
Middle East/Africa Economic Review May 2011
by Team of Thomas White International,
The fiscal stability of the Middle East and N.Africa region continues to be threatened by social pressures, yet rising inflation on the back of increasing fuel and energy prices and high levels of unemployment remain the main causes of concern. According to the Regional Economic Outlook report by IMF, the region is expected to grow 3.9 percent in 2011. The oil exporting countries are anticipated to record better growth thanks to high oil prices and production, while oil importing nations such as Egypt, Morocco and Jordan are expected to expand at a much slower pace.
Developed Asia Pacific: Economic Review May 2011
by Team of Thomas White International,
Developed Asia Pacific economies largely managed to boost output by leaning on exports in May. For some of the economies affected by natural disasters earlier this year, exports proved to be a blessing. Australia, which was affected by floods in February this year, not only managed to increase raw material exports but also gained by the investments associated with its export-oriented mining sector. Earthquake-hit New Zealand and Japan, however, faced difficulties in increasing output. New Zealand, which depends on food exports and tourism, suffered because of a strong domestic currency.
Emerging Asia Pacific: Economic Review May 2011
by Team of Thomas White International,
Aggressive interest rate hikes by emerging markets in the past twelve to eighteen months have started showing some results. Although food inflation in many emerging markets remains at elevated levels, the pace of inflation seemed to slow in some countries. Further, inflation expectations are expected to cool, primarily due to anticipation of record harvest of food grains in many countries. The threat from oil prices, which grew at a menacing pace during the first quarter of the year, also subsided a bit in May. Nonetheless, many central banks across Asia were cautious over monetary policy.
Emerging Europe: Economic Review May 2011
by Team of Thomas White International,
According to data from EuroStat, inflation in the Euro-zone touched a 30-month high of 2.8 percent in the month of April as prices of fuel, electricity, and housing continued to soar. In line with the broader trend, the inflation gauge in the 27-member European Union, which also includes Poland, the Czech Republic, and Hungary registered an annual 3.2 percent in April, a touch above the 3.1 percent recorded in March. Among the east European economies, the Czech Republic recorded the lowest rate of inflation during the month.
Developed Europe: Economic Review May 2011
by Team of Thomas White International,
All through May, Developed Europe?s debt woes dominated market sentiment, in not only the region but also other parts of the globe. Several other developments, such as the surge in the bond yields of other indebted nations like Spain, Ireland, and Portugal; S&P?s downgrade of the outlook for Italy?s sovereign bond from stable to negative; electoral setbacks for the ruling parties in Spain and Germany; and the arrest of the IMF chief, a key leader of the discussions on Greece; also added to investors? unease.
Americas: Economic Review May 2011
by Team of Thomas White International,
In North America, the U.S. and Canada saw contrasting economic trends during the first quarter. While first quarter GDP growth in the U.S. slowed when compared to the previous quarter, growth accelerated in Canada. The U.S. housing market remains weak while the housing recovery in Canada started last year, and the labor market has also seen a similar divergence. However, the economic outlook for the two countries is expected to converge more in the coming quarters. As growth accelerates in the U.S., Canada may find it difficult to maintain its first quarter growth pace.
The Next US Policy Shift
by Team of Knowledge Leaders Capital,
We were once told by a client that ?when the US government decides to sell, no price is cheap enough.? Our friend added: ?This is how Onassis made his fortune; buying the surplus cargo boats the US Navy no longer needed following the end of WWII for cents on the dollar.? If this is true, then there must be fortunes to be made in US housing today, not only is housing trading at very attractive levels against incomes and ability to service a mortgage, but the US government, through its GSEs, is proving to be a very willing seller. In 1Q11 the GSEs sold 110,000 foreclosed homes, 10% of sales.
Ratio of Earnings Yield to Long-Term Interest Rates
by Team of Bespoke Investment Group,
The "Fed Model" is a valuation model used to gauge the relative valuation between stocks and bonds. While there are several variations, in its basic form the Fed Model compares the earnings yield on the S&P 500 (inverse of P/E ratio) and the yield on long-term interest rates (10-year Treasury yield). When the yield on the 10-year Treasury exceeds the earnings yield of the S&P 500, stocks are considered to be overvalued relative to treasuries, and vice versa when the earnings yield exceeds the yield on the 10-year Treasury. So what is the Fed Model saying now? Equities are undervalued.
Gold at $1,500 an Ounce: Speculation or Fundamental Demand?
by Team of American Century Investments,
We believe gold?s performance in recent years and current price above $1,500 an ounce reflect solid fundamental demand, rather than speculative fervor. A key driver of gold demand in the current environment is buying by central banks around the world. In addition, it appears that investors looking for a hedge against both the falling dollar and broader economic uncertainty have been buying gold for its diversification benefits. Jewelry demand in India and China are other, underappreciated positives.
The Economy: When Will Happy Days Be Here Again?
by Team of Knowledge @ Wharton,
The latest economic reports show the U.S. recovery has faltered. But someday, surely, there will be a real recovery. What forces will drive that upturn? And will the healthy economy of the future look different from those of the past -- establishing a "new normal?" Two intertwined factors are critical to any rebound, according to many experts: Home prices must stop declining and begin to rise, and consumers must spend more freely.
Strategist Year-End S&P 500 Price Targets
by Team of Bespoke Investment Group,
Below we highlight the most recent year-end S&P 500 price targets.Just two strategists currently have year-end targets below the actual level of the S&P 500 at the moment.Morgan Stanley is looking for a year-end S&P 500 level of 1,238, while Credit Suisse is looking for 1,275.On the bullish side, Deutsche Bank remains above any other firm with its price target of 1,550.Also, a chart of the S&P 500 along with the averageyear-end strategist price target as the year has gone on.While the market has reallytaken a downturn in recent weeks,strategists have yet to lower their targets.
Results 2,451–2,500
of 2,793 found.
