'Easy money is behind us, the hard money is now,' Stifel's chief strategist warns

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'Easy money is behind us, the hard money is now,' Stifel's chief strategist warns
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Stock pickers may have a clear edge over passive investors. According to Stifel's Barry Bannister, the market is on a road to nowhere until 2031.

"When you look at it, the price earnings multiple from December 2021 is going to come down by about half," he said "The earnings should just about more than double, so you'll end up with a flat market.

"But it's a strategy "Fast Money" trader Dan Nathan questions"I do not think you want to be overweight small caps right here," said RiskReversal Advisors principal Dan Nathan. "It really feels like it wants to crack here."

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