I'm not going to read each of these, but I will refer to them, and Jim will too, as we walk through the presentation today. And now let's move on to 2022 and our eight fundamental forecasts for 2022. So a good year for stocks generally across the globe in 2021. And by the way, those are the sectors that we have analysts following each one of them.Īnd across the globe, the US is leading performance, but there is recovery in the eurozone, in some of the emerging markets, and even in Japan. But here, again, every one of these 11 sectors is positive year-to-date in the US markets. Last year, it was all about the technology, and the communication services, and health care really leading the market. And this has been a very good year for stocks- a lot of green here, the blue chips, S&P 500, are leading, value and growth are doing well, even the small caps are up mid-teens, and bonds are down as interest rates have drifted higher a little bit.Īs far as the sectors are concerned, impressive market breadth here in 2021. We'll take a look at the performance slide. So let's move through the slides for just a moment. And that's the way that we've done things at Argus Research since our company was founded by an economist back in 1934. And as Jim said, we're going to talk about the economy, interest rates, markets, sectors, and finally, stocks. And we'll definitely be reviewing some of their stock ideas later today.īut before we get to those stock ideas, we're going to do something called taking a top-down approach to investment. Our analysts cover approximately 500 stocks in all of the major economic industries.
We've got a team of 20 analysts based in New York City. We're grateful for our partnership with Yahoo Finance and grateful for the opportunity to spend some time with you all today talking about what we expect to see in the markets in 2022.Īs Jim mentioned, Argus is a fundamental independent research organization. And we thank everybody from the Yahoo community for joining us this afternoon. So at this point, let me turn it over to John Eade. John Eade and I will be ready to take your questions and touch on these many themes and topics as your questions drive us. We'll conclude our presentation with our themes for the year. Valuations concerns are real after the market surge in '21, which built on 2020's gains. Corporate profits have risen to new highs, but growth could become more challenging. Key topics include GDP growth, earnings, jobs and unemployment, inflation, interest rates, Fed policy, and more.Īrgus is calling for a moderating economy after a rip-roaring economic recovery. Argus President John Eade will provide his fundamental forecasts in a dynamic environment. And inflation is now running at the highest level since the post-World War II era. Interest rates are moving up but remain low, although that could change by mid-2022. Reopening continues, and in fact, reopening is accelerated, but it has brought with it bottlenecks in global supply chains. The Delta variant and vaccine hesitancy have allowed COVID-19 to reassert itself. The Omicron variant arrived just in time to try and spoil Christmas. Valuation concerns are real after the market’s surge in 2021, which built on 2020’s gains.
Argus is calling for a moderating economy after a rip-roaring economic recovery. Key topics included GDP growth, inflation, interest rates, Fed policy, earnings, unemployment, and more.
ARGUS DEVELOPER OR ENTERPRISE PLUS
In the December Yahoo Finance Plus webinar, Argus President John Eade provided his fundamental forecasts in a still-formulating environment. Interest rates are moving up, but remain low (although that could change by mid-2022 if the Fed begins tightening). Reopening continues, but it has brought with it bottlenecks in global supply chains. A year later, the medical news is mixed, as the Delta variant and vaccine hesitancy have allowed COVID-19 to reassert itself.
Twelve months ago, the markets were absorbed by a still-contested election, vaccine developments, a white-hot housing market, and an economy showing surprising resilience as digitization accelerated. Arguably, the pandemic is old news - yet it continues to find new ways to challenge the world and the markets with the arrival of the Omicron variant.