Small caps remain inexpensive
The Russell 2000 forward P/E lowered to 14.2x in March, a new post-COVID low, but with positive signals, as estimates rose faster than prices improved.
The small-cap segment is now the only one that is still cheap, with its forward P/E 7% below average. For long-term investors, valuations today imply healthy ~10% annualized returns over the next decade for the Russell 2000, said BofA analysts.
Energy & Financials still on top...

Jazzie, a U.S. resident who left her job in April to pursue entrepreneurial efforts.
"Especially in the last two years, working in two or three supermarkets at the same time was routine for me," she said. "I had to work more than 60 hours a week, and I felt really tired."
As she ventured out on her own, Jazzie found her busy entrepreneurial life inspired her to find ways to make her hard-earned money work for her.
So Jazzie also spent more time and energy on investing but struggled with where to begin, that is until she found moomoo.
"Moomoo is like a trustworthy old friend that provides you with all-around information to help you make the wisest and most well-thought-out decisions," Jazzie said.
More importantly, because of her busy entrepreneurial life, Jazzie started to think more clearly and urgently about investing, and she also had more time to learn and practice investing.
Jazzie said she first had a clear sense of how powerful investing can be when her dad told her at her twentieth birthday that if she kept investing $2,000 every year, she would have a significant amount of money by the time she was 25.
"I wasn't that motivated at the time, but I was deeply touched," she said. "Later on, especially now, when I'm 25 and no longer have the support of my parents, I have to work harder to make money and have to rely on myself as an entrepreneur. I started thinking about how to make my money work for me. In that case, I could achieve financial freedom and retire a little earlier and focus on the things I truly love."
So Jazzie took to investing.
"Hopefully, someday in the future, I will become a senior investor," she said. "I hate living a life where I have to sit behind a desk all the time. After starting my own business, I can work remotely from home, but I'd rather not be on the computer all day and be on call all the time.
I hope I can enjoy life to the fullest and stop running around, trying to make money. Therefore, I will work hard to learn more about investing and practice until I achieve my ultimate goal of financial freedom."
But as she continued learning how to invest, she found a valuable tool with moomoo after a friend's recommendation.
"For me, moomoo makes all investment information more open and transparent," Jazzie said. "Everyone can invest and make what they think is the best choice on a level playing field."
Especially for investors like Jazzie and still learning the ins and outs, moomoo is user-friendly in terms of its functions and user experience.
When needing to research investment varieties and targets, Jazzie found that the research materials on moomoo are comprehensive and easy to understand and provide her with the information she needs. For continuous advanced learning, and at the same time, the functions are easy to use and convenient.
"One of the things that attracted me the most is moomoo's AI monitoring and predicting function, as well as customizable reminders," Jazzie said. "Moomoo is like an especially trustworthy old friend that provides you with a full range of information to help you make the wisest, most well-thoughted decisions."
Jazzie has seen exceptional results with that trusted partner in hand, with over 17 percent returns (Past result is in no way a predictor of future gains. Your results will vary.) last year.
"I'm happy with that, and I didn't pay too much attention to returns when I was operating because I know that markets are volatile, and you never know what's going to happen next," Jazzie said. "When returns go up, of course, I am happy, but when they go down, I would tell myself, now could be a time to buy-in. I keep reminding myself to stay cautiously optimistic and, as a newbie, to invest with caution and not put too much pressure on myself."
Now, having accumulated some investment experience, Jazzie has also started to recommend moomoo to her friends who are interested in investing.
"Moomoo is a stock trading platform that makes investing easier," she said. "Here, users can obtain the most comprehensive investment information. With moomoo, even a newbie who doesn't know anything can grow into a seasoned investor through hard work."
Disclaimer: The above content represents the personal sharing and opinions of the guest, and does not constitute any recommendation, purchase, sale or holding of the above-mentioned stocks or investment strategies by Futu.   All investment involves risk. Prices of investment products may go up as well as down. Please understand the product risks and seek for professional advice before making any investment decisions.

Wednesday, July 7, 2021
By Chloe

Asia eyes steady open, bonds up amid taper debate
Asian stocks are poised for a steady open Thursday, following gains for U.S. shares and Treasuries as the Federal Reserve minutes showed policy makers still awaiting more evidence of economic strength to determine a timeline for tapering asset purchases.
Futures pointed slightly lower in Japan and higher in Australia, and were little changed in Hong Kong. U.S. contracts were stable after the S&P 500 and Nasdaq Composite both closed at all-time highs. Ten-year U.S. Treasury yields fell for a seventh trading day, dipping briefly below 1.3% for the first time since February, as expectations for an infl...

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Thursday, July 1, 2021
By Jimmy