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Market Overview: Equity Strategy Outlook, Looking for Growth in a Down Market
Review of Saxo Bank's Equity Strategy Outlook for August.
Earnings growth will still be limited by cost cutting measures and weak consumer spending. A repeat of strong Q2 earnings will be dependent on a pickup in consumer spending.
Sector-wise, Basic Materials could remain under pressure due to the downturn, while the defensive Healthcare sector may be favored.
In the weak ahead, US 'Housing Starts' is the key indicator.
Download/View the Equity Strategy Outlook report
http://www.tradingfloor.com/en/Blog/Documents/Equity_Strategy_Outlook%20-%20August%202010.pdf
07:20 minutes
Tags: cisco, consumerspending, equitystrategyoutlook, fomc, healthsector, intel, qe2, qelight, qelite, reutersforex, techsector
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