Value stocks and value cyclicals could be big winners regardless of what the S&P 500 does
For the next few months, the S&P 500 will trade with an embedded fiscal “option” as valuations are back to “fair” and without any fiscal policy changes from President Trump over the next few months, the market looks expensive that’s according to a new equity research note from analysts at Barclays.
At the beginning of March, Barclays’ US equity analysts estimated that the upside case for the S&P 500 is 300 points assuming a 25% corporate tax rate, no border adjustment tax...
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