CNBC: “After a crazy 12 months, the S&P 500 is about back to where it started”By admin_45 in IN THE NEWS
Excerpt from CNBC quoting DataTrek's Nick Colas:
.... "Large US public companies are better insulated from economic dislocation than either smaller ones (Russell) or European/Asian businesses that have to rely on less liquid capital markets and undercapitalized banking systems,” Nicholas Colas, co-founder of DataTrek Research, said in his daily market note.
“The bottom line: as much as fiscal/monetary stimulus has pride of place in explaining asset prices, that rising tide has not lifted all boats equally. We continue (as we have from 2017) to recommend US large caps over other equity asset classes,” Colas added"....
Read the full article here on CNBC!