Live Markets: Weakness is an opportunity: Truist

Cheniere Energy

03/09/2026 17:43

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Wall Street indexes gain with Nasdaq leading, up ~1.4%
Consumer disc, comms svcs lead S&P 500 sector gainers, materials lags
STOXX 600 rises ~0.5%
US dollar down ~0.7%, US crude barely higher, gold adds >2%, Bitcoin jumps ~4.7%
10-year US Treasury yields dip to ~4.74%
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WEAKNESS IS AN OPPORTUNITY: TRUIST
With the path for interest rates and the outcome of November's midterm elections on investors' minds, Keith Lerner, chief investment officer at Truist Advisory Services, is expecting market volatility. 
But Lerner argues that the bull market is still intact and that while investors should expect some choppiness, they should "view weakness as an opportunity." 
His reasoning is that "the economy remains resilient, the earnings estimates for next year continue to be revised higher, and valuations have reset to more reasonable levels."
"The market, however, is transitioning from a powerful earnings season to a more two-sided macro debate, with interest rates taking center stage," Lerner wrote. 
As a result he expects "a more uneven near-term market path, which is also typical from a seasonal and midterm election-year perspective."
     Lerner also noted that stocks within the S&P 500 are moving less in lockstep than at any point in more than 30 years and that the dispersion is due in part to perceived AI-related winners versus losers along with "the dynamics of a two-speed economy."
     
(Sinéad Carew)
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EARLIER ON LIVE MARKETS:

STEPHENS' WATCHLIST AHEAD OF S&P'S SEPTEMBER INDEX SHAKE-UP CLICK HERE
THURSDAY DATA DUMP: JOBLESS CLAIMS, LAYOFFS, SERVICES PMI, TRADE BALANCE, ET AL CLICK HERE
GROWING AI EXPOSURE COULD PRESSURE FUTURE DEBT DEALS CLICK HERE
WALL STREET CLIMBS AS RATE HIKE BETS RECEDE CLICK HERE
WINNERS AND LOSERS FROM TRUMP'S DRUG PRICING POLICY CLICK HERE
FRENCH STOCKS ARE UNDERPERFORMING BUT NOT CHEAP ENOUGH TO BUY, SAYS GOLDMAN CLICK HERE
BOND SELLOFF: DID PEOPLE GET A LITTLE OVEREXCITED? CLICK HERE
STOXX GETS TMT LIFT, LUXURY LAGS CLICK HERE
BEFORE THE BELL: EUROPE STEADIES; CHIPS, SOFTWARE IN FOCUS CLICK HERE
BONDS BREATHE SIGH OF RELIEF CLICK HERE