S&P 500 Closes Down For The Week After Fed Statement and Ping Pong Between Growth/Value Relative Leadership

December 17, 2021

In this strategy briefing…

Key Takeaways The S&P 500 closed at 4620.64 which is down from  4712 last Friday. The VIX settled at a pretty tame $21.57. The Fed announced an accelerated tapering schedule this week and ... – The Wall Street DebriefRead more
This tweet speaks to Omicron at the momentOmicron is surging across the world and in NYC/NJ area, in particular. This tweet by Scott Wapner @ScottWapnerCNBC really speaks to the situation. There Omicron wave is hitting the ... – Tom Lee's Equity StrategyRead more
Below we've highlighted stocks that we recommend across at least two of our investment strategies for 2021. These companies could benefit from multiple themes and secular tailwinds – clear picks in our view. Figure: Granny Shots are ... – Granny ShotsRead more

FS Insight Investment Views

Near Term View:Markets experienced volatility in the wake of the FOMC statement. Tech has suffered as expectations for lift-off moved up. We still believe a YE rally will occur. A lot of cash on the sidelines should converge nicely with seasonal forces. We stand by our 4,800 YE target.
‘21 Target:4,800 (YE P/E 22x · 2022 EPS $219)
Granny shots:MSFT, AAPL, GOOG, KLAC, PSX, PM, BF-B, AXP, PYPL, CSCO, XLNX, NVDA, ROST, PHM, QRVO, AZO, EOG, ATVI, WRB, USB, MPC, ULTA, TGT, TXN, AMZN, AAP, TSLA, GRMN
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