U.S. investors looking for a cheap way to play the global recovery may want to look up north

cnbc2021-06-23

If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America. The bank’s chief U.S. ...

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精彩评论

JorgenS
2021-06-24
JorgenS
Yeah
- DLiew:
  👍🏼
Dan94
2021-06-24
Dan94
Like and comment pls..tq
- JT1806:
  👍
JayTan
2021-06-24
JayTan
Like and comment pls
- Dan94:
  Done
Rozilla
2021-06-24
Rozilla
Diversity
- 星期天啊:
  Haha
Bin8
2021-06-24
Bin8
wow
- Bin8:
  yes
Weeckee
2021-06-24
Weeckee
Need to diversify to keep balance
- Bin8:
  ok

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By that gauge, the S&P 500 is trading at its richest valuation since the tech bubble of the late 1990s and early 2000s, according to Bank of America strategist Savita Subramanian.\n“We believe the discount is overdone, especially when the composition of the TSX is much better positioned to benefit from the global economic recovery, which we believe is intact,” she wrote.\n“We believe international stocks may be a better way to participate in the cyclical upswing, and Canada looks particularly attractive given its heavy exposure to cyclicals, commodities, and smaller caps, as well as its exposure to the U.S. economy that is leading the recovery,” Subramanian added.\nBank of America likes the TSX index for its greater exposure to energy and materials versus the S&P 500. Commodity sectors represent over 25% of the index compared to less than 6% of the S&P 500.\nThat bodes well for those with exposure to Canadian equities as the global recovery from the Covid-19 pandemic accelerates outside of the U.S. and fosters demand for the energy and agricultural commodities exported by Ottawa.\n“Follow the commodity cycle,” Subramanian advised her clients. “Despite a 46% surge in commodity prices [year over year], the TSX has underperformed the S&P 500 by more than 10 percentage points over the past 12 months.”\nThe implication is that, with Canada soon expected to see a sharp rise in its number of vaccinated residents, the gap between the TSX index and the S&P 500 could narrow.\nSome popular Canadian funds include theiShares MSCI Canada ETFand theBMO Low Volatility Canadian Equity ETF, up 21.8% and 15.2%, respectively, in 2021.\nDespite the overarching optimism on the country’s stocks, Subramanian noted that a slower-than-expected economic recovery in the U.S. or Canada would challenge her thesis.\nSo, too, could China’s recent announcement tomanage commodity inflationif Beijing continues to impose a cap on how much its traders are permitted to pay for various materials.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4983247,"gmtCreate":1624490679905,"gmtModify":1631891440595,"authorId":3577525278195004,"author":{"id":3577525278195004,"idStr":"3577525278195004","authorId":3577525278195004,"name":"DLiew","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":121483901,"type":1,"supId":0,"prevId":0,"content":"👍🏼","text":"👍🏼","html":"👍🏼"}],"langContent":"EN"},{"id":121416528,"gmtCreate":1624489029864,"gmtModify":1634005532492,"author":{"id":"3568436634742643","authorId":"3568436634742643","name":"Dan94","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3568436634742643","authorIdStr":"3568436634742643"},"htmlText":"Like and comment pls..tq","listText":"Like and comment pls..tq","text":"Like and comment pls..tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/121416528","repostId":1166274187,"repostType":4,"repost":{"id":"1166274187","kind":"news","pubTimestamp":1624458332,"share":"https://www.laohu8.com/m/news/1166274187?lang=&edition=full","pubTime":"2021-06-23 22:25","market":"us","language":"en","title":"U.S. investors looking for a cheap way to play the global recovery may want to look up north","url":"https://stock-news.laohu8.com/highlight/detail?id=1166274187","media":"cnbc","summary":"If U.S. stocks look richly valued after a strong start to 2021, American investors may be better ser","content":"<div>\n<p>If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. investors looking for a cheap way to play the global recovery may want to look up north</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. investors looking for a cheap way to play the global recovery may want to look up north\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 22:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166274187","content_text":"If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. equity strategist told clients on Tuesday that the Canadian equity benchmark trades at a significant discount to the S&P 500 and, in her opinion, is due for a catch-up.\nAs of Tuesday’s close, the S&P/TSX Composite index, Canada’s main stock benchmark, was up more than 15% for the year.\nDespite that gain, the TSX index trades at just 17 times forward earnings compared to the S&P 500′s 21.4 times. By that gauge, the S&P 500 is trading at its richest valuation since the tech bubble of the late 1990s and early 2000s, according to Bank of America strategist Savita Subramanian.\n“We believe the discount is overdone, especially when the composition of the TSX is much better positioned to benefit from the global economic recovery, which we believe is intact,” she wrote.\n“We believe international stocks may be a better way to participate in the cyclical upswing, and Canada looks particularly attractive given its heavy exposure to cyclicals, commodities, and smaller caps, as well as its exposure to the U.S. economy that is leading the recovery,” Subramanian added.\nBank of America likes the TSX index for its greater exposure to energy and materials versus the S&P 500. Commodity sectors represent over 25% of the index compared to less than 6% of the S&P 500.\nThat bodes well for those with exposure to Canadian equities as the global recovery from the Covid-19 pandemic accelerates outside of the U.S. and fosters demand for the energy and agricultural commodities exported by Ottawa.\n“Follow the commodity cycle,” Subramanian advised her clients. “Despite a 46% surge in commodity prices [year over year], the TSX has underperformed the S&P 500 by more than 10 percentage points over the past 12 months.”\nThe implication is that, with Canada soon expected to see a sharp rise in its number of vaccinated residents, the gap between the TSX index and the S&P 500 could narrow.\nSome popular Canadian funds include theiShares MSCI Canada ETFand theBMO Low Volatility Canadian Equity ETF, up 21.8% and 15.2%, respectively, in 2021.\nDespite the overarching optimism on the country’s stocks, Subramanian noted that a slower-than-expected economic recovery in the U.S. or Canada would challenge her thesis.\nSo, too, could China’s recent announcement tomanage commodity inflationif Beijing continues to impose a cap on how much its traders are permitted to pay for various materials.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4982999,"gmtCreate":1624490092968,"gmtModify":1635249481482,"authorId":3561012683384816,"author":{"id":3561012683384816,"idStr":"3561012683384816","authorId":3561012683384816,"name":"JT1806","avatar":"https://static.tigerbbs.com/9bbc12eb20800177183b090fa698c5e7","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":121416528,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"EN"},{"id":121413606,"gmtCreate":1624488821905,"gmtModify":1634005535145,"author":{"id":"3572397521268164","authorId":"3572397521268164","name":"JayTan","avatar":"https://static.tigerbbs.com/2df5c1d990871ccbfc0f26d4948532db","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572397521268164","authorIdStr":"3572397521268164"},"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/121413606","repostId":1166274187,"repostType":4,"repost":{"id":"1166274187","kind":"news","pubTimestamp":1624458332,"share":"https://www.laohu8.com/m/news/1166274187?lang=&edition=full","pubTime":"2021-06-23 22:25","market":"us","language":"en","title":"U.S. investors looking for a cheap way to play the global recovery may want to look up north","url":"https://stock-news.laohu8.com/highlight/detail?id=1166274187","media":"cnbc","summary":"If U.S. stocks look richly valued after a strong start to 2021, American investors may be better ser","content":"<div>\n<p>If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. investors looking for a cheap way to play the global recovery may want to look up north</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. investors looking for a cheap way to play the global recovery may want to look up north\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 22:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166274187","content_text":"If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. equity strategist told clients on Tuesday that the Canadian equity benchmark trades at a significant discount to the S&P 500 and, in her opinion, is due for a catch-up.\nAs of Tuesday’s close, the S&P/TSX Composite index, Canada’s main stock benchmark, was up more than 15% for the year.\nDespite that gain, the TSX index trades at just 17 times forward earnings compared to the S&P 500′s 21.4 times. By that gauge, the S&P 500 is trading at its richest valuation since the tech bubble of the late 1990s and early 2000s, according to Bank of America strategist Savita Subramanian.\n“We believe the discount is overdone, especially when the composition of the TSX is much better positioned to benefit from the global economic recovery, which we believe is intact,” she wrote.\n“We believe international stocks may be a better way to participate in the cyclical upswing, and Canada looks particularly attractive given its heavy exposure to cyclicals, commodities, and smaller caps, as well as its exposure to the U.S. economy that is leading the recovery,” Subramanian added.\nBank of America likes the TSX index for its greater exposure to energy and materials versus the S&P 500. Commodity sectors represent over 25% of the index compared to less than 6% of the S&P 500.\nThat bodes well for those with exposure to Canadian equities as the global recovery from the Covid-19 pandemic accelerates outside of the U.S. and fosters demand for the energy and agricultural commodities exported by Ottawa.\n“Follow the commodity cycle,” Subramanian advised her clients. “Despite a 46% surge in commodity prices [year over year], the TSX has underperformed the S&P 500 by more than 10 percentage points over the past 12 months.”\nThe implication is that, with Canada soon expected to see a sharp rise in its number of vaccinated residents, the gap between the TSX index and the S&P 500 could narrow.\nSome popular Canadian funds include theiShares MSCI Canada ETFand theBMO Low Volatility Canadian Equity ETF, up 21.8% and 15.2%, respectively, in 2021.\nDespite the overarching optimism on the country’s stocks, Subramanian noted that a slower-than-expected economic recovery in the U.S. or Canada would challenge her thesis.\nSo, too, could China’s recent announcement tomanage commodity inflationif Beijing continues to impose a cap on how much its traders are permitted to pay for various materials.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4982707,"gmtCreate":1624488927752,"gmtModify":1635249512008,"authorId":3568436634742643,"author":{"id":3568436634742643,"idStr":"3568436634742643","authorId":3568436634742643,"name":"Dan94","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":121413606,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"}],"langContent":"EN"},{"id":121491485,"gmtCreate":1624487573047,"gmtModify":1634005550970,"author":{"id":"3584845497808923","authorId":"3584845497808923","name":"Rozilla","avatar":"https://static.tigerbbs.com/48a6d0bfd53f17c7b4cd754a4ca13cc6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3584845497808923","authorIdStr":"3584845497808923"},"htmlText":"Diversity","listText":"Diversity","text":"Diversity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/121491485","repostId":1166274187,"repostType":4,"repost":{"id":"1166274187","kind":"news","pubTimestamp":1624458332,"share":"https://www.laohu8.com/m/news/1166274187?lang=&edition=full","pubTime":"2021-06-23 22:25","market":"us","language":"en","title":"U.S. investors looking for a cheap way to play the global recovery may want to look up north","url":"https://stock-news.laohu8.com/highlight/detail?id=1166274187","media":"cnbc","summary":"If U.S. stocks look richly valued after a strong start to 2021, American investors may be better ser","content":"<div>\n<p>If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. investors looking for a cheap way to play the global recovery may want to look up north</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. investors looking for a cheap way to play the global recovery may want to look up north\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 22:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166274187","content_text":"If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. equity strategist told clients on Tuesday that the Canadian equity benchmark trades at a significant discount to the S&P 500 and, in her opinion, is due for a catch-up.\nAs of Tuesday’s close, the S&P/TSX Composite index, Canada’s main stock benchmark, was up more than 15% for the year.\nDespite that gain, the TSX index trades at just 17 times forward earnings compared to the S&P 500′s 21.4 times. By that gauge, the S&P 500 is trading at its richest valuation since the tech bubble of the late 1990s and early 2000s, according to Bank of America strategist Savita Subramanian.\n“We believe the discount is overdone, especially when the composition of the TSX is much better positioned to benefit from the global economic recovery, which we believe is intact,” she wrote.\n“We believe international stocks may be a better way to participate in the cyclical upswing, and Canada looks particularly attractive given its heavy exposure to cyclicals, commodities, and smaller caps, as well as its exposure to the U.S. economy that is leading the recovery,” Subramanian added.\nBank of America likes the TSX index for its greater exposure to energy and materials versus the S&P 500. Commodity sectors represent over 25% of the index compared to less than 6% of the S&P 500.\nThat bodes well for those with exposure to Canadian equities as the global recovery from the Covid-19 pandemic accelerates outside of the U.S. and fosters demand for the energy and agricultural commodities exported by Ottawa.\n“Follow the commodity cycle,” Subramanian advised her clients. “Despite a 46% surge in commodity prices [year over year], the TSX has underperformed the S&P 500 by more than 10 percentage points over the past 12 months.”\nThe implication is that, with Canada soon expected to see a sharp rise in its number of vaccinated residents, the gap between the TSX index and the S&P 500 could narrow.\nSome popular Canadian funds include theiShares MSCI Canada ETFand theBMO Low Volatility Canadian Equity ETF, up 21.8% and 15.2%, respectively, in 2021.\nDespite the overarching optimism on the country’s stocks, Subramanian noted that a slower-than-expected economic recovery in the U.S. or Canada would challenge her thesis.\nSo, too, could China’s recent announcement tomanage commodity inflationif Beijing continues to impose a cap on how much its traders are permitted to pay for various materials.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4982635,"gmtCreate":1624488614649,"gmtModify":1635249518856,"authorId":3585365564242588,"author":{"id":3585365564242588,"idStr":"3585365564242588","authorId":3585365564242588,"name":"星期天啊","avatar":"https://static.tigerbbs.com/776866ecb9b4bf3219eaa4f517ac200c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":121491485,"type":1,"supId":0,"prevId":0,"content":"<u>Haha</u>","text":"<u>Haha</u>","html":"<u>Haha</u>"}],"langContent":"EN"},{"id":121570259,"gmtCreate":1624485781771,"gmtModify":1631888949607,"author":{"id":"3581566554984741","authorId":"3581566554984741","name":"Bin8","avatar":"https://static.tigerbbs.com/d4547f1e0822b414bcadb0942d311dbc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581566554984741","authorIdStr":"3581566554984741"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/121570259","repostId":1166274187,"repostType":4,"repost":{"id":"1166274187","kind":"news","pubTimestamp":1624458332,"share":"https://www.laohu8.com/m/news/1166274187?lang=&edition=full","pubTime":"2021-06-23 22:25","market":"us","language":"en","title":"U.S. investors looking for a cheap way to play the global recovery may want to look up north","url":"https://stock-news.laohu8.com/highlight/detail?id=1166274187","media":"cnbc","summary":"If U.S. stocks look richly valued after a strong start to 2021, American investors may be better ser","content":"<div>\n<p>If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. investors looking for a cheap way to play the global recovery may want to look up north\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 22:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166274187","content_text":"If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. equity strategist told clients on Tuesday that the Canadian equity benchmark trades at a significant discount to the S&P 500 and, in her opinion, is due for a catch-up.\nAs of Tuesday’s close, the S&P/TSX Composite index, Canada’s main stock benchmark, was up more than 15% for the year.\nDespite that gain, the TSX index trades at just 17 times forward earnings compared to the S&P 500′s 21.4 times. By that gauge, the S&P 500 is trading at its richest valuation since the tech bubble of the late 1990s and early 2000s, according to Bank of America strategist Savita Subramanian.\n“We believe the discount is overdone, especially when the composition of the TSX is much better positioned to benefit from the global economic recovery, which we believe is intact,” she wrote.\n“We believe international stocks may be a better way to participate in the cyclical upswing, and Canada looks particularly attractive given its heavy exposure to cyclicals, commodities, and smaller caps, as well as its exposure to the U.S. economy that is leading the recovery,” Subramanian added.\nBank of America likes the TSX index for its greater exposure to energy and materials versus the S&P 500. Commodity sectors represent over 25% of the index compared to less than 6% of the S&P 500.\nThat bodes well for those with exposure to Canadian equities as the global recovery from the Covid-19 pandemic accelerates outside of the U.S. and fosters demand for the energy and agricultural commodities exported by Ottawa.\n“Follow the commodity cycle,” Subramanian advised her clients. “Despite a 46% surge in commodity prices [year over year], the TSX has underperformed the S&P 500 by more than 10 percentage points over the past 12 months.”\nThe implication is that, with Canada soon expected to see a sharp rise in its number of vaccinated residents, the gap between the TSX index and the S&P 500 could narrow.\nSome popular Canadian funds include theiShares MSCI Canada ETFand theBMO Low Volatility Canadian Equity ETF, up 21.8% and 15.2%, respectively, in 2021.\nDespite the overarching optimism on the country’s stocks, Subramanian noted that a slower-than-expected economic recovery in the U.S. or Canada would challenge her thesis.\nSo, too, could China’s recent announcement tomanage commodity inflationif Beijing continues to impose a cap on how much its traders are permitted to pay for various materials.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4982124,"gmtCreate":1624485795476,"gmtModify":1631888949606,"authorId":3581566554984741,"author":{"id":3581566554984741,"idStr":"3581566554984741","authorId":3581566554984741,"name":"Bin8","avatar":"https://static.tigerbbs.com/d4547f1e0822b414bcadb0942d311dbc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":121570259,"type":1,"supId":0,"prevId":0,"content":"<u>yes</u>","text":"<u>yes</u>","html":"<u>yes</u>"}],"langContent":"EN"},{"id":121547230,"gmtCreate":1624485647920,"gmtModify":1634005571585,"author":{"id":"3582072953259355","authorId":"3582072953259355","name":"Weeckee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582072953259355","authorIdStr":"3582072953259355"},"htmlText":"Need to diversify to keep balance","listText":"Need to diversify to keep balance","text":"Need to diversify to keep balance","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/121547230","repostId":1166274187,"repostType":4,"repost":{"id":"1166274187","kind":"news","pubTimestamp":1624458332,"share":"https://www.laohu8.com/m/news/1166274187?lang=&edition=full","pubTime":"2021-06-23 22:25","market":"us","language":"en","title":"U.S. investors looking for a cheap way to play the global recovery may want to look up north","url":"https://stock-news.laohu8.com/highlight/detail?id=1166274187","media":"cnbc","summary":"If U.S. stocks look richly valued after a strong start to 2021, American investors may be better ser","content":"<div>\n<p>If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. investors looking for a cheap way to play the global recovery may want to look up north</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. investors looking for a cheap way to play the global recovery may want to look up north\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 22:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/23/canadian-equities-may-be-a-cheaper-way-to-play-the-recovery.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166274187","content_text":"If U.S. stocks look richly valued after a strong start to 2021, American investors may be better served by looking northward for opportunities, according to Bank of America.\nThe bank’s chief U.S. equity strategist told clients on Tuesday that the Canadian equity benchmark trades at a significant discount to the S&P 500 and, in her opinion, is due for a catch-up.\nAs of Tuesday’s close, the S&P/TSX Composite index, Canada’s main stock benchmark, was up more than 15% for the year.\nDespite that gain, the TSX index trades at just 17 times forward earnings compared to the S&P 500′s 21.4 times. By that gauge, the S&P 500 is trading at its richest valuation since the tech bubble of the late 1990s and early 2000s, according to Bank of America strategist Savita Subramanian.\n“We believe the discount is overdone, especially when the composition of the TSX is much better positioned to benefit from the global economic recovery, which we believe is intact,” she wrote.\n“We believe international stocks may be a better way to participate in the cyclical upswing, and Canada looks particularly attractive given its heavy exposure to cyclicals, commodities, and smaller caps, as well as its exposure to the U.S. economy that is leading the recovery,” Subramanian added.\nBank of America likes the TSX index for its greater exposure to energy and materials versus the S&P 500. Commodity sectors represent over 25% of the index compared to less than 6% of the S&P 500.\nThat bodes well for those with exposure to Canadian equities as the global recovery from the Covid-19 pandemic accelerates outside of the U.S. and fosters demand for the energy and agricultural commodities exported by Ottawa.\n“Follow the commodity cycle,” Subramanian advised her clients. “Despite a 46% surge in commodity prices [year over year], the TSX has underperformed the S&P 500 by more than 10 percentage points over the past 12 months.”\nThe implication is that, with Canada soon expected to see a sharp rise in its number of vaccinated residents, the gap between the TSX index and the S&P 500 could narrow.\nSome popular Canadian funds include theiShares MSCI Canada ETFand theBMO Low Volatility Canadian Equity ETF, up 21.8% and 15.2%, respectively, in 2021.\nDespite the overarching optimism on the country’s stocks, Subramanian noted that a slower-than-expected economic recovery in the U.S. or Canada would challenge her thesis.\nSo, too, could China’s recent announcement tomanage commodity inflationif Beijing continues to impose a cap on how much its traders are permitted to pay for various materials.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4982128,"gmtCreate":1624485808962,"gmtModify":1635249566076,"authorId":3581566554984741,"author":{"id":3581566554984741,"idStr":"3581566554984741","authorId":3581566554984741,"name":"Bin8","avatar":"https://static.tigerbbs.com/d4547f1e0822b414bcadb0942d311dbc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":121547230,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":187,"commentSize":39,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.33.4","shortVersion":"4.33.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1166274187"}