Despite the prevalent discourse surrounding the dominance of a handful of companies such as the Magnificent Seven in propelling stock-market performance, the truth reveals a different narrative: the U.S. market stands as one of the least concentrated globally. This insight stems from the latest research findings presented in the global...
Equities faced difficulties while bonds excelled during the turbulent inflationary periods of the 1970s. Presently, investors are drawn to the idea of a “Goldilocks” market, but a group of quantitative strategists from Wall Street warns of a potential return to conditions reminiscent of the disco era. In a recent communication,...
There was little change in bond yields on Wednesday morning as traders waited for the Federal Reserve’s January meeting minutes to be released. What’s happening What’s driving markets Investors were hesitant to make risky investments until the minutes from the Federal Reserve’s policy meeting on January 31st at 2 p.m....
Important Details for the U.S. Trading Day The mood in the U.S. trading session post-holiday appears uneasy, notably with major technology stocks like Nvidia experiencing a decline before the market opens, a day prior to highly anticipated earnings releases. Market observers, including Joe Adinolfi from MarketWatch, suggest that Nvidia’s earnings...
Goldman Sachs has raised its year-end S&P 500 target to 5,200 ahead of Nvidia Corp.’s pivotal earnings this week. The forecast largely relies on the sustained profitability of Big Tech. According to David Kostin, chief U.S. equity strategist at Goldman Sachs, the upgraded 2024 EPS forecast of $241 (8% growth)...
The strategist emphasizes that whether the economy avoids recession holds greater importance than the number of rate cuts. Recent market fluctuations, characterized by sharp declines followed by rapid rebounds, prompt analysis into the underlying drivers of the ongoing bull market, which has propelled the S&P 500 and Dow industrials to...
