Shares reunited on Wednesday with the S&P 500 and the Nasdaq, both with a closed record.
Three investors shared the trends they see in the market and the areas they believe could increase.
Anastasia Amoroso, chief investment strategist at iCapital Network, says fear in the Federal Reserve has faded, paving the way for new highs.
“I think the Fed’s expectations for doing anything in Jackson Hole have dropped quite a bit, and that was a big concern. If the Fed were to talk about shrinking … in the midst of the delta increase [Covid] cases, this would not be great for the market. But now, the basic case for everyone is that there will be a lot of talk among Jackson Hole central bankers, but it won’t be at all small and there won’t be much action. So I think that’s positive for the market and that’s why you’ve seen the reopening trade back in vogue in recent days. “
Paul Hickey, co-founder of Bespoke Investment Group, sees investors buying even small setbacks.
“It’s August and we’re looking for something to focus on, and Jackson Hole fills that gap, but it’s usually more bark than bite. What you want to focus on here is there’s a lot of liquidity on the market; it’s not going anywhere in the near future. “We are seeing this extreme trend to buy dips at the … smaller tank, and when you have a darker feed, I think you will see more cyclical benefits and reopening actions.”
Stephanie Link, Highower’s chief investment strategist, takes a look back at the year and what’s in her favor.
“Remember how we talked about how 2021 has been a year of rotation. From January to May, it was value versus growth. From May to the end of July, it was growth over value. And now, in the last two days that we’ve seen a return to cyclical and reopening names, a little more value compared to growth and a sense of risk, so I think the meme actions have done well, and I think it all has to do with the delta “.
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