‘Buyers strike’ is over, post-election stock rally has legs

first_img“There’s been a buyers’ strike for the last three weeks to cash,” but now that money is beginning to work its way back into stocks and helping propel the major U.S. equity indexes higher, Lee said on “Halftime Report.” “There’s been $4.5 trillion on the sidelines. Retail raised a lot of cash. People were really stressed into this. Now we have less uncertainty. Still uncertainty, but less and that’s why we’re rallying.” (This story is for CNBC Pro subscribers only.)The rally on Wall Street after Election Day may have momentum to continue into the end of the year, Fundstrat Global Advisors founder Tom Lee told CNBC on Wednesday.While the presidential race between President Donald Trump and Democratic challenger Joe Biden has not been decided, Lee said investors still have more clarity now than they did in the weeks preceding the election.- Advertisement – A trader works on the floor of the New York Stock Exchange.Adam Jeffery | CNBC – Advertisement – – Advertisement –last_img read more

Angels’ Albert Pujols done for season after knee surgery

first_img Angels’ Mike Trout working on his defense, thanks to Twitter Despite the improved health and ability to play in the field, Pujols performed at the plate roughly the same as he had in 2017. He hit .245 with 19 homers and a .700 OPS this season. Pujols is 18 RBIs away from 2,000, a milestone which will now have to wait until next season.Including $4.5 million for the rest of this season, Pujols is owed about $91.5 million for the remainder of his contract, which runs through 2021.Without Pujols, the Angels are now free to have Ohtani as the designated hitter every day. Ohtani had been playing only against right-handers, which was partly because he’s struggled against left-handed pitchers. It was no doubt also because Pujols needed a break from playing first every day, and if he was the DH, Ohtani couldn’t be in the lineup.Ohtani’s starts might still be limited once he returns to pitching, which is expected to be in the next week or two. The Angels did not use him to hit when he pitched, or the day before or after.The only other true first baseman currently on the roster is Jefry Marte, although utility man Kaleb Cowart can also play first. Once rosters expand on Saturday, José Fernandez is likely to be recalled. Marte hits right-handed and Fernandez hits left-handed, so presumably, they could platoon.The Angels are not as likely to recall prospect Matt Thaiss, a left-handed hitter, at Triple-A. Thaiss, the Angels’ first-round pick in 2016, is hitting .280 with a .795 OPS and 10 homers in 80 games at Triple-A this season. He began the year at Double-A.Thaiss does not need to be added to the 40-man roster until after the 2019 season, so they likely wouldn’t want to add him now and have him occupy a spot all winter unless they were confident he was going to begin next season in the majors.Justin Upton is expected to take Pujols’ roster spot on Thursday when the Angels open a four-game series in Houston. Upton has been out with a finger laceration.More to come on this story.Related Articles Angels offense breaks out to split doubleheader with Astros Pujols, 38, has played 70 games at first base this season, after playing 34 games in the field in the past two seasons. The Angels had him play more in the field to accommodate Shohei Ohtani, who is the designated hitter when he is in the lineup.Sign up for Home Turf and get exclusive stories every SoCal sports fan must read, sent daily. Subscribe here.Part of the plan when the Angels signed Ohtani was that Pujols would be able to play first base more often because the winter of 2017-18 was the first since 2014-15 that he hadn’t undergone any kind of surgery.Pujols had had a steady stream of lower-body issues ever since he signed a 10-year, $240 million deal with the Angels before the 2012 season.After the 2012 season, he had arthroscopic surgery on his right knee. He tore the plantar fascia in his left foot in July 2013, missing the rest of that season. He had surgeries on his right foot after the 2015 and 2016 seasons.Pujols made it through the 2017 season without any new injuries, and he arrived in camp for spring training this year having lost weight because of a healthy offseason. Angels’ poor pitching spoils an Albert Pujols milestone Jose Suarez’s rocky start sinks Angels in loss to Astros HOUSTON — Albert Pujols, who played more than twice as many games at first base this season as in the previous two years combined, will miss the final month of the season after undergoing knee surgery.The Angels announced on Wednesday that Pujols underwent a left knee debridement – an arthroscopic clean-up – earlier in the day, with a timetable for recovery of 6-8 weeks.Pujols was on the disabled list for 10 days in July with left knee inflammation. At the time, he also received a platelet-rich plasma injection. Part of the time he missed was during games without the designated hitter, at Dodger Stadium, and part was during the All-Star break, so there seemed to be a strategic element to the timing of the DL stint.There had been no indication of Pujols having any trouble with his knee since then. Angels’ Shohei Ohtani spending downtime working in outfield Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more