U.S. equities are likely to extend their recent outperformance in the near term, buoyed by easing trade tensions between Washington and Beijing, according to Deutsche Bank. From a note on Wednesday:
- “Looking forward, short-term, we expect the S&P 500’s recent outperformance to persist as US companies are the bigger beneficiary of the tariff cuts”
However, analysts st DB tempered expectations for a sustained rally:
- “Although lower than feared for now, in our view, tariffs will still be a bigger burden for US companies than for European companies,”
- broader underperformance could persist “until a substantial cut in tariffs would bring relief”
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S&P 500 update ... I stuck in a horizontal line I'm eyeing for a period of work to be done:
