However, facing uncertainties both from the new administration and the U.S. Federal Reserve, analysts became cautious on the outlook of the U.S. equities.
"The market is somewhat getting ahead of itself. It is now on a price to earnings basis higher than any time since the dot come bubble. And I' m not sure that it is completely justified being at those levels," said Garcia.
There are some countervailing forces to the tax reforms and regulatory relief, and these are in part due to potential trade retaliation from other countries, and also due to potential that U.S. exports are hurt by a strong U.S. dollar, he added.
The Fed is also in focus. "The next thing we' ll be looking for is we are going to go into the quiet period for the FOMC. They have got a meeting coming up, and we'll see how aggressive they are in the statement and that will get everybody' s attention," Cashin said.
"I believed that the Fed will at least try to stick to its announced or planned slow rate hikes. My concern is that we might return to the pattern of 2004 when there was rapid rate hikes," Garcia said.
【国际英语资讯:Dow ends above 20,000 for first time ever on upbeat earnings】相关文章:
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