Equity prices may be getting too far ahead of fundamentals

Nuveen
By December 16, 2019 18:07

Equity prices may be getting too far ahead of fundamentals

Investors have been focusing on a range of positives recently, including decent economic data, stronger-than-expected corporate earnings results and a sense that the global economy is stabilizing. Nevertheless, stock prices faltered last week on news that the U.S./China phase-one trade deal was looking less likely and the sense that markets have already priced in much of the good news. For the week, the S&P 500 Index fell 0.3%, snapping a six-week winning streak.1 Health care and financials led the way, while materials, industrials and technology were the main laggards.

Nuveen
By December 16, 2019 18:07

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