All the chatter about cheap stocks is likely to fall on deaf ears if this "profitless rally" continues, observe analysts at Citigroup. Markets are expected to make further gains supported by moderate EPS growth and dividend increases, but "valuations imply less impressive gains from here," the bank says. In particular, a slowdown would affect two of the most impressive markets the most; the S&P 500 and the Nikkei, which have risen more than 16% and 46% this year, respectively.
All the chatter about cheap stocks is likely to fall on deaf ears if this "profitless rally"...
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