Stock Market Surges 30% Since Mid-October Low: Is a Correction Looming?
Amidst the impressive 30% rally of the S&P 500 since its mid-October low, investors are raising concerns about a potential correction, considering the rally’s apparent stretch. However, Fundstrat’s Tom Lee has a different perspective. In a Friday note, he acknowledged the possibility of a typical 5% pullback but argued that such a decline could be […]
Bubble Alert! Nasdaq and S&P 500 Returns Over the Past 3 Years Raise Concerns
A 2023 surge in the stock market driven by prominent tech companies has triggered concerns that another bubble could be forming, as the Nasdaq Composite index is noticeably surging ahead of the S&P 500’s robust gains. Jessica Rabe, co-founder of DataTrek Research, in a note on Thursday, suggests that a longer-term view of market trends […]
Tech Stock Rally: A Long-Time Bull’s Concerns and Tom Lee’s Market Outlook
The Dow Jones Industrial Average has recently marked its ninth straight day of increases, achieving its most extensive sequence of consecutive wins since 2017. Interestingly, the most recent progress happened in a session which also witnessed the Nasdaq Composite COMP, -2.05% register a 2% decline, marking its largest fall in four months. Does the expansion […]
Behind the Scenes: How Consumer Sentiment Sparked a Hidden Stock Market Rally
The Consumer Sentiment survey from the University of Michigan presents further causes for concern regarding the state of U.S. stocks and the economy. The latest University of Michigan (UMI) measure shows a significant upswing in consumer sentiment, a trend that often goes against normal predictions. The surge in the sentiment index from June to the […]
Unstoppable yet Unsettled: The Duality of U.S. Stock Market Rally and Sustained Bearishness
The positive surge in the U.S. stock-market that characterized the initial half of 2023 has extended into the latter half, causing confident investors to hold onto the hope that has propelled the tech-focused Nasdaq 100 index to a 42% rise for the year so far. Meanwhile, cautious investors are attempting to predict the moment when […]
Caution Ahead: 3 Actions to Avoid During a Stock Market Crash
Picture a typical day at work, and a notification on your phone indicates a drastic drop in the stock market. What’s your next move? Chances are, like many others, you might react in a way that’s not wise or recommended. Here are three crucial actions you should avoid during a stock market downfall. Familiarize yourself […]
Predicting a ‘Fat and Flat’ Stock Market for the Rest of the Year
The stock market continues to surge, with the Nasdaq Composite (^IXIC) experiencing its strongest first half of the year in forty years, and the S&P 500 (^GSPC) increasing by 16% during the same timeframe. What is the predicted direction of stocks in the latter half of 2023? According to analysts from Goldman Sachs, they anticipate […]
U.S. Stock-Market Soars: An Insight into Enduring Bearish Perspectives
The positive momentum in the U.S. stock market, which started in the first half of 2023, is still ongoing in the second half. This has kept optimistic investors hopeful, especially as the technology-focused Nasdaq 100 index has already increased by 42% this year. Conversely, pessimistic investors monitor the situation closely, anticipating when the current momentum […]
As Inflation Retreats, Wall Street Maintains its Impeccable Winning Streak
The winning streak of Wall Street continued for a fourth consecutive day on Thursday after receiving indications that inflation is gradually becoming less burdensome for the economy. The S&P 500 experienced a 0.8% increase, rising by 37.88 points to reach 4,510.04 – its highest closing value since April 2022. Meanwhile, the Dow Jones Industrial Average […]
Meme Stocks Return: Strategist Sounds Alarm for Potential Stock Market Impact
Many have voiced their criticism towards the stock market rally of 2023, claiming that it is mainly focused on a handful of large technology companies. However, according to Jonathan Krinsky, managing director, and chief market technician at BTIG, the recent addition of a few more stragglers is now worrying investors. He points out that a […]
