Markets were mostly higher on Wednesday.
The S&P 500 rose 0.4 percent and the STOXX Europe 600 rose 0.2 percent. However, the Nikkei 225 fell 0.4 percent.
Anthony Saglimbene, global market strategist at Ameriprise, said that “we think stock valuations are about right”. However, he added: “Investors seem less willing to push valuations higher than they used to be.”
Lisa Erickson, head of the traditional investments group at US Bank Wealth Management, said that while growth momentum and earnings have been positive for the market, “these are counterbalanced with risks on policy issues, trade talks and geopolitics like North Korea.”
Still, Mark Kolakowski thinks that stocks may stage a summer rally.
He quoted Ari Wald, technical analyst at Oppenheimer, as saying that “the correction that began in January is coming to an end”.
No comments:
Post a Comment