ຜູ້ຈັດການກອງທຶນ, ຜູ້ທີ່ສະເຫນີຫ້າແນວຄວາມຄິດສໍາລັບການຟື້ນຕົວທີ່ຈະມາເຖິງ, ເວົ້າວ່ານັກລົງທຶນໄດ້ຢ້ານກົວອອກຈາກກຸ່ມຫຼັກຊັບນີ້.

Those worries have fed to losses in particular for the tech heavy Nasdaq Composite
ຄອມພີວເຕີ,
+ 1.33%
and smaller companies
rut,
+ 1.69%.
This chart from fund house Artemis shows how valuation multiples of small companies have seen harder hits than large-caps over the last six months.

ຂອງ​ພວກ​ເຮົາ ໂທຂອງມື້ from Artemis’ head of U.S. equity strategies, Cormac Weldon, is optimistic on this asset class. “Once risk aversion abates, we would expect small-caps to outperform: fundamentals and growth will eventually prevail over sentiment,” he said in a ບັນທຶກໃຫ້ລູກຄ້າ.

For starters, investors in the U.S. have a huge selection of innovative companies to choose from, with active managers often better placed to generate alpha as many of those stocks go overlooked by Wall Street.

He expects “inflationary panic will start to ease,” at some point, noting that used-car prices are starting to tame and investors should expect a disinflationary effect kicking in from the massive technology investment by U.S. companies.

Weldon explains that the market is “extremely polarized” right now, with investors rotating between extremes of value and growth amid a fast-moving inflation and interest-rate debate. He expects stock specifics will become important again, and his cyclical-growth mixed portfolio should do well.

But Artemis is wary of fast-growing companies with big promises, instead focusing on growth and quality. Bio-Techne
TECH,
+ 1.96%
and Syneos Health
SYNH,
0.29​-%,
and cyclical/financial names like Signature Bank
SBNY,
1.29​-%
fit that bill, he said.

Maravai Lifesciences
MRVI,
+ 0.05%
is also on his list, as the biopharma group recently spurned a German bid. “t is well-positioned to take advantage of the massive influx of interest and investment flowing into the mRNA area as well as growth in the cell and gene therapy space more broadly,” he said.

And he’s been adding to his Planet Fitness
PLNT,
+ 0.01%
position as COVID disruptions fade and the gym chain has been lagging other reopening stocks. Another plus is that the company is leaner and fitter after it removed excess capacity during the pandemic.

Finally, he likes Pool Corporation
ສະນຸກເກີ,
+ 1.59%,
which is a niche provider of pool supplies, giving it an enviable degree of pricing power. “Moreover, during the crisis people used their savings – and filled their time – by installing swimming pools,” said Weldon.

ບ້ານໄດ້

After some bruising sessions, the Hang Seng
ບໍລິສັດ HSI,
+ 7.04%
rebounded 9% as China vowed to keep its stock markets stable and boost economic growth. Beijing has also promised to work with U.S. regulators over delisting concerns, feeding into hefty gains for Alibaba
ບາບາ,
4.39​-%,
JDcom
JD, ທ.
3.34​-%
and other U.S. -listed Chinese stocks.

Ahead of the Fed outcome and news conference with Chair Jerome Powell, data showed retail sales rising 0.3%, falling short of expectations for a 0.4% gain in February. Import prices cooled slightly, gaining 1.4% in that month from 1.9% previously. Still to come are a home builders’ index and revised business inventories.

ອ່ານ: Four things to watch at conclusion of Fed meeting on Wednesday

As the bombardment of Kyiv and other cities continues, there are fresh hopes that negotiations may be getting somewhere, after the Kremlin proposed a “Swedish-style” neutral Ukraine. Ukraine’s president Volodymyr Zelenskyy invoked Pearl Harbor and Sept. 11 attacks as he asked U.S. Congress to do more to help save his country. That’s after meeting with Polish, Czech Republic and Slovenian heads on Tuesday.

Disney
DIS,
+ 0.96%
ພະນັກງານແມ່ນ calling for walkouts over the next week to protest the company’s response to a Florida’s ‘Don’t Say Gay’ bill.

Biogen stock
BIIB,
+ 0.75%
is getting a lift after sharing more positive long-term data on its Alzheimer’s drug.

Starbucks
SBUX,
+ 0.29%
is climbing after the coffee maker said CEO Kevin Johnson will step down, with ex-head Howard Schulz stepping in for now.

ຕະຫຼາດ

ຮຸ້ນ
ດີເຈ,
+ 1.23%

SPX,
+ 1.23%
are higher, led by tech
ຄອມພີວເຕີ,
+ 1.33%,
with oil prices
CL00,
+ 0.84%

BRN00, ທ.
+ 0.58%
wobbling, a day after ເຂົ້າສູ່ຕະຫຼາດຫມີ. Asia stocks bounced, and European equities
SXXP, ທ.
+ 0.45%
are also higher. Gold
GC00,
0.03​-%
ແລະເງິນໂດລາ
DXY,
0.03​-%
continue to pull back.

ຕາຕະລາງ

“As we start the hiking cycle, it’s worth highlighting that hiking cycles in the fiat money era (1971-), when debt has been constantly increasing, have generally eventually led to a financial crisis somewhere around the world,” notes Deutsche Bank strategist Jim Reid in our chart of the day.

“With U.S. equities still at some of their highest valuations in history, with global housing having boomed during the pandemic, and with global debt at record highs, the Fed (and other central banks) shaking the tree is sure to bring something we can add to the events shown in the graph,” he said, though noting that monetary policy usually acts with a lag.

ປີ້

ເຫຼົ່ານີ້ແມ່ນເຄື່ອງຫມາຍທີ່ຄົ້ນຫາຫຼາຍທີ່ສຸດໃນ MarketWatch ໃນເວລາ 6 ໂມງເຊົ້າຕາມເວລາຕາເວັນອອກ.

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