Stock Market's 'Once-In-A-Generation' Opportunity Is Near, Says Bernstein Analyst: 'You Are Going To See A Bear Market'
Stock Market's 'Once-In-A-Generation' Opportunity Is Near, Says Bernstein Analyst: 'You Are Going To See A Bear Market'
The stock market is showing signs of a forthcoming investment opportunity, according to a recent report by Richard Bernstein Advisors (RBA). The firm's deputy CIO, Dan Suzuki, believes that the current market signals could lead to a significant shift in investment dynamics.
根据理查德·伯恩斯坦顾问公司(RBA)最近的一份报告,股市显示出投资机会即将到来的迹象。该公司的副首席信息官丹·铃木认为,当前的市场信号可能导致投资动态的重大转变。
What Happened: Richard Bernstein Advisors (RBA) has been signaling a potential investment opportunity amidst concerning signs in the stock market, reported Business Insider. The firm has been predicting a "once-in-a-generation" opportunity for months, and it appears to be on the verge of realization.
发生了什么:据《商业内幕》报道,在股市出现令人担忧的迹象中,理查德·伯恩斯坦顾问公司(RBA)一直在暗示潜在的投资机会。几个月来,该公司一直在预测 “千载难逢的” 机会,而且这一机会似乎已接近实现。
According to RBA's Deputy CIO Dan Suzuki, the market's current situation, particularly the dominance of a few stocks, could lead to a broader market shift. The firm's thesis, proposed at the end of last year, suggests that the extraordinary market leadership of a small group of stocks will expand to the wider market, resulting in stronger gains for the other 493 S&P 500 stocks.
根据澳洲联储副首席信息官丹·铃木的说法,市场目前的情况,尤其是少数股票的主导地位,可能会导致更广泛的市场转移。该公司在去年年底提出的论点表明,一小部分股票的非凡市场领导地位将扩展到更广泛的市场,从而使其他493只标准普尔500指数股票的涨幅更大。
However, Suzuki warned that the corporate earnings of major tech companies are expected to decelerate in the next quarter. Only three of the so-called "Magnificent Seven" — Apple Inc (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Tesla Inc (NASDAQ:TSLA), and Meta Platforms Inc (NASDAQ:META)— are projected to have over 25% earnings growth in 2024.
但是,铃木警告说,大型科技公司的企业收益预计将在下一季度减速。所谓的 “壮丽七人组” 中只有三个——苹果公司(纳斯达克股票代码:AAPL)、微软公司(纳斯达克股票代码:MSFT)、Alphabet Inc(纳斯达克股票代码:GOOG)(纳斯达克股票代码:GOOG)、亚马逊公司(纳斯达克股票代码:AMZN)、NVIDIA(纳斯达克股票代码:NVDA)、特斯拉公司(纳斯达克股票代码:TSLA)和Meta Platforms Inc(纳斯达克股票代码:TSLA)和 Meta Platforms Inc(纳斯达克股票代码:MSLA)(纳斯达克股票代码:TSLA)META)——预计到2024年,收益增长将超过25%。
"I think eventually you are going to see a bear market," Suzuki said of large-cap tech stocks in an interview with Bloomberg on Friday.
铃木周五在接受彭博社采访时谈到大型科技股时说:“我认为最终你会看到熊市。”
"I've gone so far as to say that I think this is a bubble, and I don't use that term lightly. So eventually that suggests that there's going to be a reckoning."
“我甚至说我认为这是一个泡沫,我不会轻易使用这个词。因此,最终这表明将要进行清算。”
On the other hand, sectors like small caps, industrials, energy, and emerging markets are expected to see an acceleration in earnings in the coming year. This, combined with extreme valuations and investor concentration in mega-cap tech firms, could lead to a market shift away from these stocks.
另一方面,预计小盘股、工业、能源和新兴市场等板块的收益将在来年加速。再加上极端的估值和投资者对大型科技公司的集中度,可能导致市场从这些股票转移出去。
Why It Matters: The market's focus on tech stocks, particularly the "Magnificent Seven," has been a recurring theme. Despite warnings of a possible correction, institutional investors have been backing further gains for these stocks as the most crowded trade, according to a Bank of America survey.
为何重要:市场对科技股的关注,特别是 “科技七巨头”,一直是一个反复出现的主题。美国银行的一项调查显示,尽管有人警告可能出现修正,但机构投资者一直在支持这些股票作为最拥挤的交易进一步上涨。
However, analysts have been cautioning about the extreme concentration in these stocks in hedge fund portfolios. This concentration has doubled since the beginning of 2023, raising concerns about the potential impact of a correction in these stocks.
但是,分析师一直在警告对冲基金投资组合中这些股票的过度集中。自2023年初以来,这种集中度翻了一番,引发了人们对这些股票调整的潜在影响的担忧。
Meanwhile, CNBC's Jim Cramer has also predicted a possible sector rotation away from the Magnificent Seven stocks, suggesting that investors may move away from these leading tech stocks to invest in sectors that have experienced significant declines.
同时,CNBC的吉姆·克莱默还预测,板块可能会从科技七巨头股转向股票,这表明投资者可能会离开这些领先的科技股,转而投资经历大幅下跌的行业。
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