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Bears Fight Back and Stocks fall 5%; Rally Trend Unbroken
June 12, 2020

In this strategy briefing…

Nothing like a nice 5% selloff to get your attention, eh? Gets the juices flowing, makes you think. Or is it worry? Just when you thought the bear had raised the white flag and slunk back into ... – The Wall Street DebriefRead more
It was a painful week, with equity markets down 5%. But a big pullback was overdue, given the extended and relentless rise. The natural question is whether this is the start of a broader sell-off. If so, ... – Tom Lee's Equity StrategyRead more
Given last week’s pullback, I remind investors to keep your eyes on the bigger target, the horizon six, 12, and 18 months away. Our work tells us that equity markets will be higher in the future. Additionally, ... – Alpha CityRead more

FS Insight Investment Views

Near Term View: VIX spike = tepid bull conviction = short pullback, Opportunity in epicenter stocks
‘20 Target: 3,450 (YE P/E 17.9x · 2021 EPS $193)
Style: High Quality
Granny shots: GOOG, AAPL, AMP, PYPL, NVDA, CSCO, XLNX, FB, MNST, VRSN, DE, QCOM, KSU, EXPE, MXIM, MSFT, TTWO, ROK, DOV, PSX, BKNG, EBAY, EMR, TSLA, AXP, BF/B, PM, GRMN
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