Market on Brink of Steep Correction, Hussman Warns of 1929-style Valuation Extremes

Investor John Hussman has issued a stark warning about the current state of the stock market, comparing it to historic bubbles such as those preceding the 1929 crash and the market peak in 2021. According to Hussman, stock valuations are as extreme as they were before previous market downturns, signaling the potential for a significant […]

S&P 500 Target: Goldman Sachs Points to Big Tech at 5,200

Goldman Sachs has revised its year-end S&P 500 target to 5,200 just ahead of Nvidia Corp.’s crucial earnings this week. The forecast hinges largely on Big Tech’s ability to maintain robust profits. David Kostin, chief U.S. equity strategist at Goldman Sachs, stated, “Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median […]

S&P 500 Futures Hover at Heights Amid Anticipation for Microsoft’s Earnings

U.S. stock index futures hovered close to record highs early Tuesday in anticipation of an impending earnings report from the highly regarded Microsoft. Current Stock-Index Futures Trading: On Monday, the Dow Jones Industrial Average (DJIA) exhibited a gain of 224 points, or 0.59%, closing at 38333. The S&P 500 (SPX) saw an increase of 37 […]

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