The S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) lodged their worst week since April. PNC Asset Management Group CIO Amanda Agati joins Market Domination...
) lodged their worst week since April. PNC Asset Management Group CIO Amanda Agati joins Market Domination Overtime to discuss the market action and what investors can expect in the second half of the year.
This relay race has not been a clean handoff, but I think it's what sets the stage for the second half.Um What started as a rotation just turned into broad selling really by the end of the week here.If indeed you think that a broad, a broader rally is what awaits us? And I think that could very well be the catalyst to get this market rally going again, Amanda, what, what is your expectation for corporate profit growth?Well, we're still looking at about 11% earnings growth.Um, if you back out the top five or seven names, that growth rate falls to about seven or a little bit more than 7%.So I do think that there are some negative revisions yet to come in the second half of this year.
We can't just assume that tech is going to lead the charge here and communication services is just going to continue to lead the charge at these valuation levels. But really what the ma the market really cares the most about in terms of election outcomes is the makeup of control.Is there going to be a sweep of one particular party, the best performing market environments tend to be where there's divided control.
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