More gains ahead for US stocks?

Bullish:

• $MIDCAP - Mid-cap stocks are seen as a better opportunity due to their attractive valuations and historically stronger performance during periods of interest rate cuts by the Federal Reserve.

  • “We think that's a much better opportunity at the valuation level, and they've historically had much greater torque to the idea of the fed cutting interest rates over 3 months, over a year's, time horizon.”

    David·5:02
• $BUYBACKS - Corporate buybacks are expected to be the main driver of equity demand in 2025, suggesting potential opportunities in companies with strong buyback programs.

  • “We think the main buyer for equities in 2025 will be corporates through corporate buybacks.”

    Ryan·15:01
• $SPX - The S&P 500 is expected to see growth driven by earnings rather than valuation expansion, due to overall economic growth.

  • “The idea that the economy is growing suggests that if fair value is around the current level, then the forward trajectory of the index is gonna be driven by earnings as opposed to a valuation expansion.”

    David·5:01
• $NVDA - NVIDIA has had a significant impact on the S&P 500's return this year, suggesting continued importance and potential in the stock.

  • “Just one stock, NVIDIA alone, accounts for more than 20% of this year's s and p 500 return.”

    Ryan·6:04
• $AIINFRA - Investors show strong confidence and conviction in AI infrastructure companies, based on client conversations and market performance.

  • “From our conversations with clients and I think, you know, from the performance perspective, you can see the most confidence and conviction among investors in phase 2, the infrastructure.”

    Ryan·8:01