-- Published: Friday, 27 January 2017 | Print | Disqus
Highlights
Top Wall Street Chartered Technical Analyst (CTA), Ralph Acampora of Altaira Wealth Managementreturns with his outlook on US equities and the PMs.
With the Dow Jones Industrials over 20,000, a new record, our guest outlines why stocks could still be undervalued by 10% and even surprise the bulls.
Pushing shares higher, expectations of an economic renaissance fomented by the new Administration.
The promise of reduced corporate regulations and stringent import levies could make US exports more competitive, boosting corporate profits and US shares. Relatively high domestic interest rates compared to the PBoC's -3.5% and Europe's -1.00% rates makes US dividend payments enticing.
Amid hawkish comments from the Fed Chairperson last week, one of the biggest beneficiaries of higher rates will continue to be US financial institutions.
In addition, US home construction firms and related sectors such as concrete, lumber to home repair businesses could benefit from infrastructure rebuilding.
The risk of higher rates continues to weigh heavily on the US Treasury indexes, currently unwinding from a 30 year bull market.
The net result is an inflow of billions of dollars into US equities and the PMs.
Top Wall Street Chartered Technical Analyst (CTA), Ralph Acampora of Altaira Wealth Managementreturns with his technical outlook on US equities and the PMs. With the Dow Jones Industrials over 20,000, a new record, our guest outlines why stocks could still be undervalued by 10% and even surprise the bulls on the upside. Pushing shares higher, expectations of an economic renaissance fomented by the new Administration. The promise of reduced corporate regulations and stringent import levies could make US exports more competitive, boosting corporate profits and US shares. Plus, relatively high domestic interest rates compared to the PBoC's -3.5% and Europe's -1.00% rates makes US dividend payments enticing. Amid hawkish comments from the Fed Chairperson last week, one of the biggest beneficiaries of higher rates will continue to be US financial institutions, which benefit from higher lending spreads. In addition, US home construction firms and related sectors such as concrete, lumber to home repair businesses could benefit from infrastructure rebuilding plans. The risk of higher rates continues to weigh heavily on the US Treasury indexes, currently unwinding from a 30 year bull market, sending billions of dollars into US equities and the PMs.
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