Market Overview

Credit Suisse Says The August Equity Rout Is No Surprise, Saw Bearish Sentiment Build Rapidly W/ Institutions & Traders Since July

Share:
Related SPY
Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week
The Market In 5 Minutes: Ebola, Icahn, NAFTA, Semis And More
S&P 500 Weekly Update: Keep It Simple, Listen To The Stock Market (Seeking Alpha)
Related
Peter Schiff: Janet Yellen And The Federal Reserve Are Losing Credibility
Economists El-Erian, Dolan & Brusuelas React To March Fed Rate Decision

Credit Suisse noted large caps sold-off more than mid caps and this may be driven by greater relative China exposure along with valuations incorporating a greater premium. HC Equipment & Services and Pharma/Biotech remain overvalued. Credit Suisse data shows Semiconductors held up the best and this backs up the call from Citigroup to seek exposure to semiconductors for the near-term.

Follow the link below for a chart of past events and the percent pullback generated:

Finally, Credit Suisse noted small/large cap relative returns have been in the area of 6 percent in the 12-months following these types of pullbacks and that small caps remain more attractive vs large caps for the coming year.

Posted-In: Credit SuisseAnalyst Color Analyst Ratings

 

Related Articles (SPY + BROAD)

View Comments and Join the Discussion!