News Formal

Investors believe the fears about the slowing economy are overblown and market is overreacting

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 72%

Breaking News: Investing Nouvelles

Wall Street,Business,Markets

Many expect the pullback could soon represent a buying opportunity.

It's been a rough few days on Wall Street. Stocks tumbled to start the week after a disappointing July jobs report on Friday sparked fears of an incoming recession, a concern that worsened over the weekend amid a global market sell-off. Japan stocks are in a confirmed bear market, with the Nikkei plunging 12.4% and posting its worst day since Black Monday of 1987.

"We don't see an earnings recession, we don't see an economic recession," said Sam Stovall, chief investment strategist at CFRA Research. "But we do see the need for valuations to be brought back in line with historical averages." Stovall noted the S & P 500, which is currently trading at 20.9 times forward earnings, has fallen somewhat after trading at 22 times earlier this year. However, that's still above the 20-year historical average of around 16.5.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Bitcoin, crypto shares plunge as investors pull back on risky stocks amid recession fearsThe drop in Bitcoin and crypto shares was a sharp turnaround from the Trump-related high crypto was riding after the former president’s speech at the 2024 Bitcoin Conference.
La source: nypost - 🏆 91. / 67 Lire la suite »

Despite sagging stocks, analysts allay recession fears, suggest investors hold steadyA stunning Monday pummeled Wall Street with more steep losses, as fears, for investors and others, worsened about a slowing U.S. economy.
La source: Mynorthwest - 🏆 438. / 53 Lire la suite »

Stock futures open lower as investors await inflation data, bank earnings this week: Live updatesInvestors are expecting key inflation data this week to give clarity on the longevity of this year’s market rally. Earnings are also kicking off.
La source: NBCLA - 🏆 319. / 59 Lire la suite »

Stock futures open lower as investors await inflation data, bank earnings this week: Live updatesInvestors are expecting key inflation data this week to give clarity on the longevity of this year’s market rally. Earnings are also kicking off.
La source: nbcchicago - 🏆 545. / 51 Lire la suite »