Bloomberg thinks stocks are 'in denial' and Nasdaq should trade 'way lower'

Recent trends in long-dated Treasuries suggest that interest rates may remain elevated for an extended period. The strengthening of the“However, stocks have gone their merry way — the longer they stay in denial, the worse the denouement for them,” analysts at Bloomberg said.

While two-year yields have also increased, the impact is more significant when investors seek higher rates over a longer time horizon. This shift should influence the discount rate investors use to evaluate the fair value of stocks. The analysts also remind investors of a popular stock market saying: The market is a voting machine in the short term and a weighing machine over the long term.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Luxury skiwear company Perfect Moment files for IPO with plans to list on NasdaqCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »

Esports company Gamer Pakistan stock becomes the first entity from that country to list on a U.S. exchangeGamer Pakistan started trading on Nasdaq on Monday
Source: MarketWatch - 🏆 3. / 97 Read more »