Market sell-off won't last as there's no tech bubble to burst, CIO says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 62%
  • Publisher: 72%

Breaking News: Technology Notícia

Markets,Breaking News: Markets,S&P 500 Index

'I just don't see a tech bubble. Yes, a few stocks have done well, and they have done well on earnings that they have delivered.'

"I do not see any reason to be concerned that you're going to enter a bearish pattern where the market is overbought and therefore people are going to sell. I just don't see that pattern," Manish Singh, chief investment officer at Crossbridge Capital, told CNBC.

Pointing to the Nasdaq, Singh noted that on an equally-weighted basis — giving each stock the same weight regardless of market capitalization — the index is flat over the last three years. "That just doesn't tell you that there's conviction in the market whichever way it wants to go," he said.Even as stocks in Europe, Asia-Pacific and the U.S. regain recent losses, market-watchers agree volatility is likely to continue.

"This is no different than what you see in a U.S. election year, where you have a seasonality around August and September, and then post-election, the market starts rallying," he said.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Bitwise CIO Hougan Says the Bitcoin Market ‘Is Not Bullish Enough’Crypto Blog
Fonte: Crypto_Potato - 🏆 568. / 51 Consulte Mais informação »

Tuberville, Alabama lawmakers blame market unrest on ‘Kamala Crash’: Why did the stock market drop?The Dow was down more than 900 points by lunchtime.
Fonte: aldotcom - 🏆 82. / 68 Consulte Mais informação »

July inventory increase brings Denver housing market closer to a buyer’s marketWith a 68% increase in available inventory from July of last year, the close-price-to-list-price ratio is the lowest it’s been since July 2020. According to the July monthly real estate trend…
Fonte: denverpost - 🏆 13. / 72 Consulte Mais informação »

Garden Ridge Market Days - Back to School Festival & MarketJoin in for GARDEN RIDGE MARKET DAYS Back-to-School Festival & Market on Aug. 10, 2024 from 9:30 a.m.-2:30 p.m. at Northeast Bible Church.
Fonte: SAcurrent - 🏆 607. / 51 Consulte Mais informação »

Prestige Market Stayed Hot, While Mass Market Was Flat in First Half, According to New ReportCircana data shows robust growth in the prestige market, while the mass market saw unit declines across the board.
Fonte: wwd - 🏆 24. / 68 Consulte Mais informação »