News Formal

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

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

“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. "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:

 /  🏆 319. in BR

Brasil Últimas Notícias, Brasil Manchetes

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

Market sell-off won't last as there's no tech bubble to burst, CIO says'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.'
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

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 »