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Barrett Asset Management's Amy Kong tells Reuters' Fred Katayama why stocks of major banks and private equity firms stand to gain in Welcome back and good afternoon, Amy. A drop in personal spending, a drop fot personal incomes, a drop in new home sales, and a drop in the pace of gains of business spending.

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Barrett Asset Management's Amy Kong tells Reuters' Fred Katayama why stocks of major banks and private equity firms stand to gain in Welcome back and good afternoon, Amy. A drop in personal spending, a drop in personal incomes, a drop in new home sales, and a drop in the pace of gains of business spending. Are investors justified in pushing the markets up in a Santa Claus rally given the dire economic news that we keep getting?

We just had existing Meet sex Fairview Heights sales yesterday among other things that were down. I think the data points will ebb and flow as-- as you pointed out. But the main key metrics that I think investors are pointing to is whether or not fiscal stimulus is continuing on. And as we've seen earlier this week, the answer to that question is yes. And quite frankly, this is the time of this pandemic, nine, 10 months out, where fiscal policy, monetary policy, and now a health care solution is-- they're all aligned.

And I think that really does make up a pretty good setup in terms of why investors are still pushing equities forward. Yeah, riding high on the vaccine news now Separated and single lady it's being distributed. Let's get to the rotation theme.

Is this rotation going to stick, this rotation away from tech to value?

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Or is it going to be a barbell market where you got both of them somehow? I think the rotation from growth to value is really ripe for-- for rotation, just because you've had a lot of push up in terms of ho tech PEs. But quite frankly, too, you know, in terms of the value stocks that you've mentioned, they are actually the companies that are hurting from an earnings standpoint.

So I think, really, when you think about this rotation, it's a lot of money on the sidelines now rotating back into the markets. And really, again, this P to E discrepancy between growth and value stocks has gotten too wide, and so there is a little bit of rotation from-- from higher PE stocks to lower PE stocks.

But really whether or not it will stick, it really is going to be earnings dependent. Because, again, if earnings don't catch up, and again, the pandemic continues to roll on, that's going to be an issue. How do you see earnings working out for the cyclical sector versus, say, the growth?

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Again, this is all under the assumption that is, again, poised for a better set up and the vaccine starts to work. But really it's going to be in phases. So for example, right now in terms of stocks that we may be roons at, we may be more interested in restaurant suppliers.

And as we all try to come back into a normalized environment, I think it's going to be done in steps. Maybe we'll go into a Starbucks or Dunkin' Donuts or something, get our coffee, and then perhaps go into a restaurant.

But in terms of booking large vacations and things of that sort, those are all maybe third to fourth tiers Talala OK cheating wives terms of how quickly we'll-- we'll move back to normal. So I think the earnings will catch up but it will be in phases. Are there any undervalued section-- sectors within value stocks that you think-- the ones you're to ponder-- people who with cash on the sidelines should be going into or rotating out of from tech stocks into?

One area that we are paying more attention to are the financial services sector. This may include big banks, but really also publicly traded private equity firms.

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Things of those nature where they are sitting on a tremendous amount of cash and can be predators in this kind of environment. I think the banking sector, while Curtis MI bi horny wives had some decent news this week where they can teeens start buying back shares, things of that sort, they will still be held back by the fact that interest rates are very low.

Other value sectors, like energy as an example, may be helped by a vaccine. Perhaps demand may start going higher.

But the vaccine doesn't help the supply side of the equation, which has Find Lakeview part of the reason why the sector has been under pressure this year. So it really is, again, very dependent on the sector. But certainly, I think, if I had to pick one sector where I'd pay a little bit more attention to, perhaps financial services would be that one sector.

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I'm Fred Katayama in New York. This is Reuters. President Trump has issued 65 pardons and commutations since Tuesday, and more are expected in the coming days. According to multiple sources, his son-in-law and top adviser, Jared Kushner, played a key role in managing the avalanche of requests. British-Iranian mother Nazanin Zaghari-Ratcliffe has sent Christmas gifts of home-made face masks to British politicians to highlight her continuing ordeal in Iran.

Former Foreign Secretary Jeremy Hunt revealed that he and his wife received two masks which came with a note saying: "Life is precious, please look after yourself and use a mask. She has been good.

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Police believe the act was intentional. A sea mine planted by Yemen's Houthi rebels struck a cargo ship in the southern Red Sea on Friday, Saudi Arabia's state-owned television channel reported, without providing further details. Al-Ekhbariya quoted the Saudi-led coalition, which has been fighting Iran-backed Houthis in Yemen since The United Kingdom Marine Trade Operations, an information Adult wants sex tonight Birnamwood Wisconsin 54414 overseen by the British Royal Navy in the region, did not immediately acknowledge the incident.

Royal Caribbean, the world's largest cruise company, is trying to prevent victims of the New Zealand volcanic eruption from suing in the US. Passengers from the Royal Caribbean ship Ovation of the Seas took a trip to White Island, a popular tourist site, last December, when a volcano suddenly erupted, killing 27 visitors and injuring 25 more. Ivy and Paul Reed, from the US state of Maryland, who suffered burns as a result of the eruption, and Australians Marie and Stephanie Browitt, who lost family members because of the eruption, filed separate lawsuits against Royal Caribbean claiming that the cruise t did not properly explain the dangers of visiting White Island.

Peter Gordon, a lawyer for the Browitt family, told the Australian Broadcasting Company that Royal Caribbean should have known that the volcano could fo before allowing its passengers fot visit White Island. President Tayyip Erdogan said that Turkey would like to have better ties with Israel, but criticized Israeli policy toward Palestinians as "unacceptable" and a "red line" for Ankara, adding that intelligence talks d between the two sides.

The two countries have had a bitter falling out in recent years, despite strong commercial ties, expelling ambassadors in Ankara has rooms to go for teens condemned Israel's occupation in the West Bank and its treatment of Palestinians. The man suspected of randomly striking a woman in the back of the head with a cinder block is under arrest. The victim is a member of Gov.

Cuomo's staff. Activists who spoke to The Associated Press after their release described massively overcrowded cells without proper ventilation or basic amenities and a lack of medical treatment. Kastus Lisetsky, 35, a musician who received a day sentence for attending a protest, said he was hospitalized with a high fever after eight days at a fo in eastern Belarus and diagnosed with double-sided pneumonia induced room COVID The volcanic ash which buried the town during the eruption of Mt Vesuvius in AD79 has preserved an intimate historical record of the Roman town 14 miles southeast of Naples, and the lives of its 13, inhabitants.

One of tp inhabitants was called Nicias and was likely a freed Girl for fuck Incline Village from Greece, according to excavators who recently uncovered an inscription insulting the man. Wind-driven flames racing through miles of dry brush on a U.

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Marine Corps base in Southern Roomw prompted romos evacuation of more than 7, residents on Thursday from neighborhoods at the edge of the sprawling installation, authorities said. No property damage or injuries were reported, but the blaze prompted mandatory evacuations early Thursday of base housing facilities, as well as homes in the adjacent civilian community of Fallbrook, displacing 7, people there, CalFire Captain Thomas Shoots said. Ready to fly out of Donald J.

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South Korea has reported its largest daily increase in coronavirus infections on Christmas Day, as the prime minister pleaded for vigilance to arrest a viral surge that has worsened hospitalization and deaths. Boris Johnson has "totally capitulated" on fishing in the EU trade deal negotiations, but both sides have compromised, EU diplomatic sources have claimed.

French officials claimed that the British had made major last minute concessions. The UK and EU settled on a five and a half year transition period before annual negotiations over fishing opportunities would begin. There was satisfaction in Brussels at having forced the prime minister into the climbdown but anxiety he will not tteens able to sell the deal to hardline Brexiteers in his roms. Ten Curlew-IA woman seeking couple 12 Hong Kong people captured by China at sea as they tried to flee by boat four months ago Sexy sbf looking to meet a sexy swm or single latino go on trial in the mainland city of Shenzhen on Monday, supporters said on Friday.

The families had asked this week for 20 days' notice to allow them to attend the trial, given a day COVID quarantine upon entering mainland China. The UN said three peacekeepers died in two separate attacks, as rebel and government forces clash. China is on course to overtake the United States as the world's biggest economy bythe Center for Economics and Business Research predicted in a report released Saturday.

A year ago, the CEBR pegged as the transition year, but China's economy is expected to grow by 2 percent inthe lone major global economy to expand, while the U. The report also anticipates China will become a "high-income economy" bythough living standards are expected to remain much lower than in the U. China is not an outlier in its region when it comes to future economic growth.

More stories from theweek. The first Rooms to go for teens president roooms an American college is being honored with a sculpture installed in the Vermont city where he was born in The larger-than-life marble bust of Martin Henry Freeman, a scholar, sits on a stack of books in a downtown square as part of the Rutland Sculpture Trail. Close this content. Read full article. December 23,PM. Story continues. Latest Stories.

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