In a Thursday note, George Davis, chief technical strategist at RBC Capital Markets, argued that the rally that’s seen the S&P 500 SPX, +0.16% roar back from the verge of a bear market to the cusp of record territory in less than four months has left the stock market looking “tired.” The setup at least argues for some caution in the near term, he said. Here’s his candlestick chart, below:
Thursday’s gains, however, might buy some time. The S&P 500 ended with a gain of around 5 points, or 0.2%, near 2,905. After notching an all-time closing high at 2,930.75 on Sept. 20, a fourth-quarter selloff pushed the benchmark large-cap index deep into correction territory but stopped just short of a bear market — popularly defined as a fall of 20% from a peak. In a V-shaped rebound, the index through Wednesday was up 24% from its Christmas Eve low, and sat just 1% away from its Sept. 20 high.
While fund-flow data and sentiment surveys show investors have warmed up to the market as it’s continued its rally, they’ve yet to swarm in. Citing a glut of uninvested cash, Larry Fink, the chief executive of BlackRock Inc. BLK, -0.39% the world’s largest asset manager, warned earlier this week that a “melt-up” was a more likely near-term scenario than a “meltdown.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
China's Stock Market Gets Tired, As Xi Jinping Looks To Be Losing His Housing BattleChina's non-stimulus stimulus is working. But has it peaked? Meanwhile, value investors like the recent decline in A-share pricing.
مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »
China's Stock Market Gets Tired, As Xi Jinping Looks To Be Losing His Housing BattleIt's been a good run for China's A-shares, the best performing emerging market asset class this year. But mainland China stocks are getting tired—and investors are cashing out
مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »
China's Stock Market Gets Tired, As Xi Jinping Looks To Be Losing His Housing BattleChina's non-stimulus stimulus is working. But has it peaked? Meanwhile, value investors like the recent decline in A-share pricing.
مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »
China's Stock Market Gets Tired, As Xi Jinping Looks To Be Losing His Housing BattleIt's been a good run for China's A-shares, the best performing emerging market asset class this year. But mainland China stocks are getting tired—and investors are cashing out
مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »
Netflix looks like Amazon in its early years ahead of its earnings, market watcher saysNetflix is set to report earnings after the bell Tuesday. BK Asset Management's Boris Schlossberg says investors only care about one thing and it has him seeing flashbacks of Amazon's early years. TradingNation Purr muh bulls hit TradingNation Continued increases in monthly subscriptions by Netflix will create an opening for a new comer or established media company to introduce $6.99 HD subscription model. Folks are already choosing Prime over Netflix as discretionary $ for household media consumption tops off at $79
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »