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发帖数: 2260 | 1 咋说都行。分析师就是胡说八道
https://www.barrons.com/articles/after-the-bell-dow-s-p-500-slide-because-
more-good-news-may-sound-bad-1535665935
After the Bell: Dow, S&P 500 Slide Because ‘More Good News’ May Sound Bad
ByEvie Liu Updated Aug. 30, 2018 9:06 p.m. ET
After the Bell: Dow, S&P 500 Slide Because ‘More Good News’ May Sound Bad
ILLUSTRATION: SPENCER PLATT/GETTY IMAGES
Taking a break? After a week of rallying, all three major stock indexes
closed with losses Thursday. The Dow Jones Industrial Average tumbled 0.5%,
the S&P 500 lost 0.4%, barely staying above the 2,900 level, and the Nasdaq
Composite crawled back to below 8,100.
President Donald Trump has been quite active today. After tweeting about "
more good news" for investors in the morning, it's been reported by
Bloomberg that the President plans to move ahead and impose tariffs on $200
billion in Chinese imports as early as next week. In today's After the Bell,
we...
Market Strength Is Wider Than You Think
Despite the loss today, investors might not need to worry much. As the S&P
500 has gotten very extended lately, trading two standard deviations above
its 50-day moving average, it's natural for the index to take a breather and
then revert at some point soon, according to Justin Walters from Bespoke
Investment Group.
The S&P 500 is now sitting solidly above its prior high in January, but the
index is in a much better place now than it was then from a valuation
perspective, according to Walters. "Even as the market traded sideways for
most of 2018, earnings continued to grow (driving valuations lower)," writes
Walters in a report published today. He noted that the S&P 500’s trailing
12-month P/E ratio is well below the Jan. 26 level, as are nine out of 11
sectors, which shows a broader leadership in the market than many have
worried. Clif Droke from Momentum Strategies Report thinks there is plenty
of strength to be found across many different stock market industries beyond
just the FAANG stocks.
Of course, we might see some turbulence in September and October – two
notoriously volatile months. Especially with trade suddenly back in the news
again.
Although Nafta countries are working hard to get a deal done before the
Friday deadline, things are not looking bright on the China front. If the
proposed 10% tariffs on $200 billion Chinese goods are actually imposed,
they will be the biggest in size so far, affecting about 40% of all U.S.
imports from the country. That means a major escalation in the trade war
between the world’s two largest economies and might rattle the financial
market that has been enjoying some cheerful growth recently. But tariffs
might not be the best way to solve trade problems after all, as a recent
Deutsche Bank report suggests that a country's tariff level has no
significant impact on its trade flow. |
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