Meanwhile, the lack of clarity from Washington has prevented even potentially bullish large investors from buying at these prices. According to Deutsche Bank AG, Big Money Managers have historically been low-weight strains.
“We feel the market is asking, ‘OK, what’s right now?!’ “We are pleased to announce that Keith Buchanan, senior portfolio manager at Globalt Investments,” said Keith Buchanan, senior portfolio manager.
Even softer trade rhetoric from Trump has failed to juice the market like in the past. Last week, the US and China I agree It’s like an announcement that the trade deal framework had caused a rampage in the stock market that long ago. But ultimately, negotiations eased enthusiasm by bringing back tariff charges to already high levels.
Read more: For Trump, it costs to resolve the US-China trade battle
“We are pleased to announce that Dan Greenhaus, Chief Economist and Strategist at Solus Alternative Asset Management,” said: “Investors will probably want to hear something more substantial or concrete than they’ve heard before.”
Search for safety
That attention is evident under the surface of the stock market where traditional shelter sectors are outperforming as investors turn away from risk. The Real Estate, Energy and Pharmaceutical sectors led the S&P 500 this month, helping out the epic 7-mega-tech stock that once flew high as they were one of the index’s worst groups in May.
A search for safety makes sense for the global Buchanan. Global is asking questions about the stock price being below multiples due to its high valuation in the first quarter. This was during a time when there was no pale fear of the recession, with inflation heading towards the Fed’s goals, and tariffs seemed like merely a negotiation ploy.
