The apparent absence of a crucial element seen in most past peak bubbles suggests that U.S. stocks are not presently in a bubble, as per analysts at TS Lombard. Unlike prior bubbles, today’s market lacks significant leverage. Despite appearing overvalued, particularly in sectors like technology, financial, and healthcare, margin debt...
Despite the surge in other major U.S. stock-market averages to record highs, the Dow Jones Transportation Average (DJT) has struggled, remaining more than 6% below its peak from November 2021. Over the past year, it has lagged behind the broader Dow Jones Industrial Average (DJIA) by over 12 percentage points....
Jonathan Krinsky, the chief market technician at BTIG, highlights that the Nasdaq-100, heavily weighted towards tech, has not seen a pullback of 2.5% or more in 303 trading sessions, marking it as the third-longest streak since 1990. While this streak does not necessarily indicate an immediate downturn in the AI-driven...
Today’s U.S. trading day is expected to start cautiously, with futures signaling a subdued opening for Wall Street despite the major stock indices maintaining their record highs. Over the past three months, both the Nasdaq Composite and the S&P 500 have seen significant gains, raising concerns among some about the...
Bespoke observes that March typically delivers moderate results for U.S. stocks, lacking the standout gains seen in other months. Despite a successful February for U.S. stocks, there’s speculation over whether investors might opt to cash in on those gains at the beginning of March. Reflecting on historical data since 1953,...
In evaluating the U.S. stock market with these parameters, Ray Dalio, founder of Bridgewater Associates, suggests that it doesn’t appear excessively bubbly, despite notable rallies and media attention on specific segments. Stocks have surged significantly since their October lows, marking four consecutive months of gains and propelling both the S&P...
