Sam Stovall photo

MARKETS, STOCKS

Sam Stovall

Chief Investment Strategist,

CFRA Research

  • Author of The Seven Rules of Wall Street
  • Winner of the Money Show’s 2008 Stock Picker’s Award
  • Creator of the Pacer-CFRA Seasonal Rotation ETF (SZNE)

About Sam

As chief investment strategist, Sam Stovall serves as analyst, publisher, and communicator of CFRA's outlooks for the economy, market, and sectors. He focuses on market history and valuations, as well as industry momentum strategies. Mr. Stovall is the author of The Seven Rules of Wall Street and writes weekly Sector Watch and Investment Policy Committee meeting notes on CFRA's MarketScope Advisor platform. His work is also found in CFRA's flagship weekly newsletter The Outlook.

Sam's Videos

The S&P 500 fell into "Pullback" mode on September 21, declining by more than 5% since the July 31 post-bear high. Investors now wonder if they should bail out of stocks for fear of further declines. Even though additional near-term weakness may be in order, history suggests but does not guarantee, that it would be wiser to prepare for a recovery than retreat. Come hear Sam Stovall, CFRA's Chief Investment Strategist, put today's market backdrop into historical context by discussing how far the S&P 500 may fall and where investment opportunities await.

The S&P 500 fell into Pullback mode on September 21, declining by more than 5% since the July 31 post-bear high. Investors now wonder if they should bail out of stocks for fear of further declines. Even though additional near-term weakness may be in order, history suggests, but does not guarantee, that it would be wiser to prepare for a recovery than retreat. Come hear Sam Stovall, CFRAs Chief Investment Strategist, put todays market backdrop into historical context by discussing how far the S&P 500 may fall and where investment opportunities await.

Even though the debt ceiling debate is behind us, and the Fed has completed its June FOMC meeting, investors should continue to be buffeted by headwinds from the longer-term effects of an aggressive rate-tightening policy on the economy and stock market. In addition, despite the surge in the Nasdaq-100 since AI has become an all-consuming topic, 50% of all Nasdaq-100 bull markets since its inception were fake-outs and went on to set an even lower low after advancing 20%. Also, with ever-shrinking breadth as the equity markets grind higher, is this a sign of disappointment to come and remind us that we are in a seasonally weak period for equities? For answers, tune in to hear Sam Stovall, Chief Investment Strategist at CFRA Research, discuss where the stock market is likely to take us during the second half of the year and how to position your portfolios accordingly.

History hints quite strongly that 2023 won't be a repeat of 2022, as the S&P typically posted an average price gain in excess of 14% in the years following declines, versus the more normal 8.9% annual increase, and posted a higher-than-average frequency of advance. In addition, a down year followed by a positive January Barometer typically led to a 23%+ price gain and a 92% frequency of advance. Will history repeat, or, like some singers of the National Anthem, forget the words? Sam Stovall, Chief Investment Strategist of CFRA Research, will offer his take on historical precedent and share his sector selections in what could be a surprisingly profitable year.





Sam's Books

Sam Stovall

Seven Rules of Wall Street Crash-Tested Investment Strategies That Beat the Market by Stovall, Sam

Crash Tested Investment Strategies that Beat the Market from Sam Stovall, Chief Investment Strategist - Standard & Poor's Equity Research
Sam Stovall

Standard & Poor's Sector Investing: How to Buy The Right Stock in The Right Industry at The Right Time

Discusses the opportunities, merits, and methods of investing in "sectors," or industry groups with similar fundamental characteristics.