Concerns about the delta variant and other headwinds worry investors about volatility.
Here are thoughts from four experts on what they are looking for in the markets for the rest of the month.
Jim Cramer, host of “Mad Money” on CNBC, discusses the Federal Reserve’s difficult task of reducing its stimulus.
“It’s a different kind of economy. I expect the government to screw us up. They still do. They are doing too many stimulus at this point. … I was thinking [St. Louis Fed President James] Bullard had a lot of good things to say, which is that we already have enough vacancies. … Do we really need more stimuli? So I think we’re in a bit of a difficult situation, that some people want stimuli and some don’t. “
Karen Firestone, CEO of Aureus Asset Management, explains where she puts the money to work.
“The market, despite its rise and progress, has been a bit directionless when it comes to the leading groups. We went from large cap growth to cyclical value, reopening, closing. Everyone has been in the lead so what we think is better to be with some certainty and predictability and the kind of names we like would be Facebook, Salesforce, S&P Global, American Water Works, American Tower, Waste Connection, even Netflix fits this category. I have. “
Brenda Vingiello of Sand Hill Global Advisors says fundamentals should remain strong in October.
“Well, we’re going to be hearing a lot from the Fed in the coming weeks, and learning more about the fundamentals of the company as the conference season sort of kicks off here. So I think the fundamentals, though, are still very strong, but… I think it makes sense to have a balanced approach so as not to abandon growth trading altogether. The key is that we are seeing some slowdown. I think we’ll definitely have more evidence that there was a little slowdown here in August related to the delta variant, but I think the market is looking past that and recognizing that things are wrong. other side. So I think October could end up being a surprise just like August where the fundamentals really continued to be pretty strong and that could really help the market continue to be at least in a trading range and not really experiencing a correction. significant. “
Former Dallas Fed Chairman Richard Fisher highlights a major issue: the supply chain.
“We have an imbalance between supply and demand, we have an increase in demand, we have bottlenecks on supply. This will not be mitigated in the short term. When you look at the port activities in Los Angeles and this part where everything comes into our country from Asia or the east coast, those pressures are more sustained, I believe, and it’s not going to go away overnight. “
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