Steven DeSanctis

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Last quote by Steven DeSanctis

There's a lot of euphoria going around. I hate to be the skunk at the garden party, but I'm just a bit more skeptical here. We've had a pretty big move in three days.feedback
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Apr 26 2017
Steven DeSanctis has been quoted 18 times. The one recent article where Steven DeSanctis has been quoted is 'Big tech Thursday' could be the catalyst for new highs. Most recently, Steven DeSanctis was quoted as having said, “Obviously, it's all been about earnings, and obviously large-cap earnings have been coming in quite strong, and that's giving people a lot of optimism. You have the VIX back under 11 so it's risk-on.”.
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Steven DeSanctis quotes

We contend that investors were in the midst of a selling strike late in 2016, as capital gains tax is thought to be lower in '17 than in '16. The winners from last year could be under pressure, and although five days does not make a trend, the gainers in 2016 are lagging YTD.feedback

Now that the calendar has turned to 2017, investors could unwind their big winners, as they are not comfortable with their valuations and want to take profits in these stocks.feedback

Since election, it has been risk on with cyclical sectors leading the way and defensive areas lagging. Our sector allocation is more domestically focused, and given the dollar's strength, we think it makes sense. We are overweight discretionary and industrials. We are overweight tech, which has been a source of funds and lagging behind since the election.feedback

If tax rates are reduced to 22 percent, we see a significant boost to earnings (that lowers) the P/E to 16.2X, which is still above the average. However, using a 15 percent tax rate, we see that earnings jump to $88.71 and the P/E falls below 15X.feedback

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