U.S. stocks stretch weekly gains to five NEW YORK
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Posted On: 08/11/2012 9:24:40 AM
U.S. stocks stretch weekly gains to five
NEW YORK (MarketWatch) — U.S. stocks erased Friday losses to tally their fifth week of gains, sending the S&P 500 to a four-month high, with disappointing Chinese trade data advancing hopes for further moves to bolster the global economy.
“It’s Europe, China and the U.S. as the three big worries,” said Sandy Lincoln, chief market strategist at BMO Asset Management U.S.
Noting the price-to-earnings expansion that has taken place in the large-cap defensive sectors, Lincoln said the market in recent weeks has seen a rotation back to economically sensitive components.
Assuming we muddle through on the big three — Europe, China and the U.S., the next shift could have investors moving from the economically sensitive large-cap companies to the smaller capitalized, Lincoln noted.
http://articles.marketwatch.com/2012-08-10/ma...strategist
NEW YORK (MarketWatch) — U.S. stocks erased Friday losses to tally their fifth week of gains, sending the S&P 500 to a four-month high, with disappointing Chinese trade data advancing hopes for further moves to bolster the global economy.
“It’s Europe, China and the U.S. as the three big worries,” said Sandy Lincoln, chief market strategist at BMO Asset Management U.S.
Noting the price-to-earnings expansion that has taken place in the large-cap defensive sectors, Lincoln said the market in recent weeks has seen a rotation back to economically sensitive components.
Assuming we muddle through on the big three — Europe, China and the U.S., the next shift could have investors moving from the economically sensitive large-cap companies to the smaller capitalized, Lincoln noted.
http://articles.marketwatch.com/2012-08-10/ma...strategist
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