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2021-04-15

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Strategist: Don’t be surprised to see double-digit retail sales growth<blockquote>策略师：看到两位数的零售额增长不要感到惊讶</blockquote>

March retail sales in the U.S. may have climbed by a double-digit percentage, thanks to the $1,400 s

Strategist: Don’t be surprised to see double-digit retail sales growth<blockquote>策略师：看到两位数的零售额增长不要感到惊讶</blockquote>

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Economists polled by Dow Jones Newswires and The Wall Street Journal expect a 6.1% surge.<blockquote>ClearBridge Investments投资策略师Jeffrey Schulze的预测是在商务部周四公布数据之前做出的。道琼斯通讯社和华尔街日报调查的经济学家预计将飙升6.1%。</blockquote> Schulze pointed out the $600 checks received in December lifted January retail sales by 8%. “This stimulus package was 2.5 times that size,” he said.<blockquote>舒尔茨指出，12月份收到的600美元支票使1月份的零售额增长了8%。“这个刺激计划是这个规模的2.5倍，”他说。</blockquote> He said the U.S. will achieve herd immunity sometime in the second quarter. “And when herd immunity is achieved, it’s going to unleash a tsunami of consumer spending,” he said.<blockquote>他表示，美国将在第二季度的某个时候实现群体免疫。“当实现群体免疫时，将引发消费者支出的海啸，”他说。</blockquote> <img src=\"https://static.tigerbbs.com/ee9004cd741c8262debd77a5dad9a023\" tg-width=\"1260\" tg-height=\"596\">FACTSET/CLEARBRIDGE INVESTMENTS<blockquote>FACTSET/CLEARBRIDGE投资</blockquote> Valuations of stocks, he argues, aren’t stretched. “If anything, analysts are expecting too little earnings growth in 2021 and 2022,” he said. Analysts were behind the curve in the second, third and fourth quarters of 2020, and he expects further upward earnings revisions to come.<blockquote>他认为，股票估值并没有过高。“如果说有什么不同的话，那就是分析师预计2021年和2022年的盈利增长太少，”他表示。分析师在2020年第二、第三和第四季度落后于曲线，他预计盈利将进一步上调。</blockquote> That said, he pointed out that markets are often volatile in the second year following a bear market low. If an overshoot in the 10-year yield&nbsp;materialized, that could also unsettle markets.<blockquote>尽管如此，他指出，市场在熊市低点后的第二年往往会出现波动。如果10年期国债收益率出现超调，也可能扰乱市场。</blockquote>","source":"lsy1603348471595","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>Strategist: Don’t be surprised to see double-digit retail sales growth<blockquote>策略师：看到两位数的零售额增长不要感到惊讶</blockquote></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; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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: 12.5px; color: #7E829C; margin: 0;}\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\">\nStrategist: Don’t be surprised to see double-digit retail sales growth<blockquote>策略师：看到两位数的零售额增长不要感到惊讶</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMarketWatch2021-04-15 14:40\n\n</h4>\n</header>\n<article>\nMarch retail sales in the U.S. may have climbed by a double-digit percentage, thanks to the $1,400 stimulus checks distributed by the federal government, according to a strategist at a fund manager.<blockquote>一家基金管理公司的策略师表示，得益于联邦政府发放的1,400美元刺激支票，美国3月份零售额可能增长了两位数的百分比。</blockquote> The forecast by Jeffrey Schulze, investment strategist at ClearBridge Investments, comes ahead of the release of the data by the Commerce Department on Thursday. Economists polled by Dow Jones Newswires and The Wall Street Journal expect a 6.1% surge.<blockquote>ClearBridge Investments投资策略师Jeffrey Schulze的预测是在商务部周四公布数据之前做出的。道琼斯通讯社和华尔街日报调查的经济学家预计将飙升6.1%。</blockquote> Schulze pointed out the $600 checks received in December lifted January retail sales by 8%. “This stimulus package was 2.5 times that size,” he said.<blockquote>舒尔茨指出，12月份收到的600美元支票使1月份的零售额增长了8%。“这个刺激计划是这个规模的2.5倍，”他说。</blockquote> He said the U.S. will achieve herd immunity sometime in the second quarter. “And when herd immunity is achieved, it’s going to unleash a tsunami of consumer spending,” he said.<blockquote>他表示，美国将在第二季度的某个时候实现群体免疫。“当实现群体免疫时，将引发消费者支出的海啸，”他说。</blockquote> <img src=\"https://static.tigerbbs.com/ee9004cd741c8262debd77a5dad9a023\" tg-width=\"1260\" tg-height=\"596\">FACTSET/CLEARBRIDGE INVESTMENTS<blockquote>FACTSET/CLEARBRIDGE投资</blockquote> Valuations of stocks, he argues, aren’t stretched. “If anything, analysts are expecting too little earnings growth in 2021 and 2022,” he said. Analysts were behind the curve in the second, third and fourth quarters of 2020, and he expects further upward earnings revisions to come.<blockquote>他认为，股票估值并没有过高。“如果说有什么不同的话，那就是分析师预计2021年和2022年的盈利增长太少，”他表示。分析师在2020年第二、第三和第四季度落后于曲线，他预计盈利将进一步上调。</blockquote> That said, he pointed out that markets are often volatile in the second year following a bear market low. If an overshoot in the 10-year yield&nbsp;materialized, that could also unsettle markets.<blockquote>尽管如此，他指出，市场在熊市低点后的第二年往往会出现波动。如果10年期国债收益率出现超调，也可能扰乱市场。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.marketwatch.com/story/strategist-dont-be-surprised-to-see-double-digit-retail-sales-growth-11618415078?mod=newsviewer_click\">MarketWatch</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/strategist-dont-be-surprised-to-see-double-digit-retail-sales-growth-11618415078?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183579370","content_text":"March retail sales in the U.S. may have climbed by a double-digit percentage, thanks to the $1,400 stimulus checks distributed by the federal government, according to a strategist at a fund manager.\nThe forecast by Jeffrey Schulze, investment strategist at ClearBridge Investments, comes ahead of the release of the data by the Commerce Department on Thursday. Economists polled by Dow Jones Newswires and The Wall Street Journal expect a 6.1% surge.\nSchulze pointed out the $600 checks received in December lifted January retail sales by 8%. “This stimulus package was 2.5 times that size,” he said.\nHe said the U.S. will achieve herd immunity sometime in the second quarter. “And when herd immunity is achieved, it’s going to unleash a tsunami of consumer spending,” he said.\nFACTSET/CLEARBRIDGE INVESTMENTS\nValuations of stocks, he argues, aren’t stretched. “If anything, analysts are expecting too little earnings growth in 2021 and 2022,” he said. Analysts were behind the curve in the second, third and fourth quarters of 2020, and he expects further upward earnings revisions to come.\nThat said, he pointed out that markets are often volatile in the second year following a bear market low. 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