Tottenham Hotspur 2 Southampton 1
Tottenham: Eriksen (14'), Alli (33' pen)
Southampton: Ward-Prowse (52')
Man of the match: Christian Eriksen (Tottenham)
LONDON // Antonio Conte has done more than anyone to popularise the 3-4-2-1 formation this season. Yet while Chelsea’s position at the top of the Premier League table makes them the system’s biggest success story in 2016/17, Tottenham Hotspur have also done extremely well when using the division’s in-vogue configuration.
Mauricio Pochettino first deployed the formation in a 2-1 victory over Watford last season, before returning to it for the trip to Arsenal in his side’s 11th match of this campaign.
The Argentine has often favoured a 4-2-3-1 since then, but 3-4-2-1 has become his team’s default set-up in recent weeks and was the shape in which Tottenham lined up during their 2-1 defeat of Southampton at White Hart Lane.
The pre-match talk had centred on whether the hosts would be able to cope without top scorer Harry Kane, who injured his ankle in last weekend’s 6-0 thrashing of Millwall in the FA Cup. Those doubts were dispelled over the course of the 90 minutes on Sunday as Tottenham made it 13 consecutive wins at home in domestic competitions.
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Just as Eden Hazard and Pedro Rodriguez have thrived as inside-forwards for Chelsea, Tottenham’s equivalents, Christian Eriksen and Dele Alli, were the match-winners here. They are clearly different players to their pacier, more direct counterparts at Stamford Bridge, but the pair have flourished in similar roles.
It was Eriksen who opened the scoring in the 14th minute, firing a left-footed effort past Fraser Forster into the bottom corner, before Alli doubled Tottenham’s advantage from the penalty spot later in the first half.
Eriksen’s strike demonstrated how difficult it can be for opponents to get a handle on players in his position in the 3-4-2-1. Working his way into a pocket of space, the Denmark international received a pass from Mousa Dembele, shifted the ball infield and arrowed a shot into the back of the net.
Eriksen varied his movement intelligently all afternoon, sometimes drifting wide but more regularly popping up in dangerous central positions between the lines of Southampton’s midfield and defence.
Alli was not quite as involved in a creative capacity and could often be found alongside Kane’s replacement Son Heung-min, with the duo occasionally operating as split strikers and Eriksen tucking in behind.
This type of fluidity served Tottenham well at the top of the pitch, although an uncharacteristic error from Toby Alderweireld allowed Southampton to regain a foothold in the game as James Ward-Prowse halved the deficit.
Tottenham were far from their best for much of the second period — possession was ceded too easily and Son struggled to get involved — but the benefits of the 3-4-2-1 were felt at the back too. For all Southampton’s pressure, they had trouble creating clear-cut chances, largely because they could not find a way around the home side’s three central defenders.
Claude Puel’s men managed only one shot on target after scoring in the 52nd minute, and that effort from Shane Long was comfortably saved by Hugo Lloris.
Perhaps anticipating a late Southampton onslaught, Pochettino switched to a 3-5-1-1 for the final 15 minutes, introducing Harry Winks in place of Son and pushing Alli up front.
This, however, will go down as another victory achieved in the 3-4-2-1, with Tottenham yet to taste defeat when using the system this season.
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What should do investors do now?
What does the S&P 500's new all-time high mean for the average investor?
Should I be euphoric?
No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.
So what happened?
It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.
"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."
Should I buy? Should I sell?
Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.
"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.
All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.
Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.
Will the rally last?
No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.
"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."
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Install an air filter in your home.
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Shower or bath after being outside.
Wear a face mask.
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