To the Moon Alice! – Who knew Ralph Kramden could be so prescient! Clearly he’s referring to the skyrocketing move made by equities, namely large-cap tech as it once again breaks new ground, the Nasdaq 100 reaching an all-time intraday high in the process. A strong ISM manufacturing figure has helped propel some of the cyclical spaces higher while pharma lags in a big way; the House subpoena of Abbvie on broad industry pricing the culprit there. Wal-Mart continues to remake itself and details of its Wal-Mart+ launch. September has traditionally been a difficult month for stocks but during a year when up is down, and left is right, you going to bank on that?
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.