Get in now before the train takes off?
While JPMorgan has a bullish price target for the S&P 500, it does not suggest simplyKolanovic also cautions not to chase large-cap tech stocks or recession-proof stocks that are already “trading near all-time highs.”“There are market segments such as energy trading at mid-single digit P/Es , and even some broad markets such as the S&P 600 small cap index trading at recession level multiples,” he writes.
That’s why if you are looking for the ultimate hedge, it could be worthwhile to check out a real, but overlooked asset:Contemporary artwork has outperformed the S&P 500 by a commanding 174 per cent over the past 25 years, according to the Citi Global Art Market chart. On a scale of -1 to +1, with 0 representing no link at all, Citi found the correlation between contemporary art and the S&P 500 was just 0.12 during the past 25 years.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan sees the S&P 500 hitting 4,800 by the end of 2022Get in now before the train takes off?
Read more »
Daniel Ricciardo to leave McLaren at end of F1 seasonLONDON — Daniel Ricciardo will leave McLaren at the end of the 2022 Formula One season by mutual agreement and one year before the Australian’s contract was…
Read more »
What’s new from Samsung — Galaxy Z Fold 4, Galaxy Z Flip 4, Galaxy Watch and moreSamsung Unpacked summer\u002Dfall 2022
Read more »
What’s new from Samsung — Galaxy Z Fold 4, Galaxy Z Flip 4, Galaxy Watch and moreSamsung Unpacked summer\u002Dfall 2022
Read more »
What’s new from Samsung — Galaxy Z Fold 4, Galaxy Z Flip 4, Galaxy Watch and moreSamsung Unpacked summer\u002Dfall 2022
Read more »
What’s new from Samsung — Galaxy Z Fold 4, Galaxy Z Flip 4, Galaxy Watch and moreSamsung Unpacked summer\u002Dfall 2022
Read more »