Wall Street’s new biggest bull is growling a bit like a bear. Wells Fargo Securities’ Chris Harvey hiked his S & P 500 year-end price target by about 20% this week. However, he’s less than enthusiastic about the path of higher market prices. “It’s weird. This won’t sound great. But even though we were high … Read more
Goldman Sachs sees opportunities in small-cap stocks — even as the Russell 2000 finishes its worst week since early January. Greg Tuorto, who runs the actively managed Goldman Sachs Small Cap Core Equity ETF (GSC) , thinks easing financial conditions should help boost the group. But his view comes with a caveat. “I do think … Read more
Big Tech’s market dominance may push more investors to equal-weight exchange-traded funds, according to VettaFi’s Todd Rosenbluth. “Investors are getting nervous that too much money is concentrated in a handful of stocks within the broader ETFs that they have available that [are] tied to the S&P 500 or even the Nasdaq 100,” the firm’s head … Read more