Bull market has legs into year-end and beyond, strategist says. Her top picks for 2022 (via TradingNation)
However, the downside scenarios for the market's two biggest walls of worry — the path of the coronavirus and the path of the Fed — are starting to get priced in, Mahajan told CNBC's"There is more of a chance for an upside surprise versus downside surprise," said Mahajan, Edward Jones's senior investment strategist. "There is still a chance that we get the year-end rally, especially as investors start to look towards 2022.
"We still think markets can move forward, can move higher, perhaps not as high as we saw in the last three years, but in line with earnings growth and perhaps [with] a little bit more volatility," she said.As for the Fed, Mahajan expected it to officially accelerate itsat the upcoming December meeting, finish the effort by March of 2022, then pause and reassess inflation and labor trends before proceeding to interest rate hikes.
In the meantime, long-term investors shouldn't let market volatility derail their strategies, but should still take account of their portfolio diversification, Mahajan said. Defensive trades such as consumer staples, health care and utilities stocks could also play catch-up over time because of the underlying companies' ability to pass prices onto consumers, she said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market history says omicron volatility isn't a reason for investors to sellLast Friday's VIX spike of 54% on the omicron variant emergence has been followed by more big moves in the Dow, but VIX history says the bull market won't end.
Read more »
Most Popular Music Of 2021: Dua Lipa, Drake Top Billboard’s Year-End ListsI'm a breaking news reporter focusing on arts and entertainment. I previously worked as a features reporter at the New York Post, where I covered pop culture, and at the Boston Globe and Boston.com I graduated from Emerson College in 2017 with a degree in journalism. Follow me on Twitter MarisaDellatto or reach out at mdellattoforbes.com.
Read more »
From Fintech’s Top Founders To Wall Street’s Best Dealmakers: 30 Under 30 Finance 2022Listmakers of the 30 Under 30 in Finance 2022 are entrepreneurs from fast-growing fintech and crypto startups and rising stars at Wall Street’s top firms.
Read more »
Pfizer could have vaccine data for kids under age 5 by year-end, CEO saysPfizer could have data on how well its Covid-19 vaccine works in kids under age 5 by the end of the year, CEO says.
Read more »
Narrowing equity market breadth may signal a 'market top' -BofANarrowing equity market breadth, rising volatility and the prospects of rate hikes are the classic signs of a market top, BofA said in a weekly report on Thursday.
Read more »
Kravis Tried to Film a TikTok but Ended Up Having a PDA Moment InsteadThey simply can’t help themselves!
Read more »