A strategist discusses the challenge of balancing high stock valuations with value investing, highlighting how some investors are finding hidden gems in an expensive market, especially in sectors like retail and technology.
Ben Carson's Iowa strategist believes that the presidential campaign is effectively over, despite Carson's refusal to drop out of the race. The strategist's comments come as Carson's campaign struggles to gain traction in the polls and secure funding.
Florida Governor Ron DeSantis' campaign severs ties with the top strategist of his well-funded super PAC, Never Back Down, due to tensions and alleged false statements. The strategist, Jeff Roe, cited unwanted distractions and a critical time for DeSantis as reasons for his departure. The super PAC has experienced internal turmoil, with multiple resignations and firings in recent weeks. The governor's frustration with his campaign's lack of progress against Trump and the rise of Nikki Haley led to the creation of a second super PAC, Fight Right, to handle advertising.
According to Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International, the concept of a soft landing for the U.S. economy is no longer viable, suggesting that the economy is not heading for any kind of landing.
The S&P 500 has reached record levels in its valuation metric, indicating a pricey market, but a strategist predicts that the index will continue to rise in the coming weeks.