Morgan Stanley’s Michael Wilson shared with Bloomberg that he and his team are now prioritizing the identification of undervalued stocks over making predictions for the S&P 500 index, at least for the time being. Wilson mentioned in an interview with Bloomberg Television that discussions regarding the S&P 500’s future have...
Tech stocks may be gearing up for a comeback, but Steven Jon Kaplan, CEO of True Contrarian blog and newsletter with $120 million under management, warns of a potential repeat of history. He foresees the Invesco QQQ Trust Series, which mirrors the Nasdaq-100, plummeting from its current 427 to below...
Sectors that typically experience a surge towards the end of bull markets are currently showing signs of lagging behind. Despite a week of volatile trading sessions, the primary trend in the U.S. stock market remains upward. This conclusion is supported by the sector relative-strength rankings, which have remained positive despite...
Bob Elliott, Chief Investment Officer at Unlimited Funds, underscores the Federal Reserve’s challenge amid the recent surge in commodity prices. Bond yields have risen sharply this month, reflecting concerns about persistent inflationary pressures amidst a thriving economy. This development marks a notable setback for the prevailing bullish trend in the...
This week witnessed a dramatic downturn in the market values of the top-tier tech companies, known as the “Magnificent Seven,” collectively shedding a staggering $950 billion. Among them, Nvidia bore the brunt, losing almost $300 billion, a figure exceeding the entire market worth of its rival, Advanced Micro Devices Inc....
The performance of U.S. stocks lately isn’t exactly flattering. Despite starting strong, they consistently close lower, sending concerning signals about the overall market health. Thursday marked the fourth consecutive session where the S&P 500 experienced this reversal trend, the longest such streak in six years, indicating significant underlying issues despite...
