Stock-market outlook, big tech in danger amid slow recovery: Neuhauser - Business Insider

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A 22-year market vet explains why stocks are headed for a 'massive reset' as the economy struggles to recover from COVID-19 — and outlines why that will put mega-cap tech companies in serious danger

He's skeptical of the market's ability to continue climbing in the face of adversity because valuations are already historically expensive.

This leads Neuhauser — a 22-year market vet — to believe that those calling for a V-shaped recovery are engaging in wishful thinking. To him, when the US government takes its foot off of the proverbial stimulus gas pedal, stand-alone economic activity will have to pick up in order to close the burgeoning gap between prices and fundamentals.

In Neuhauser's view, once the market realizes that growth is close to non-existent and the Fed's propensity to participate in themantra subsides, markets will be primed for a "massive reset" — and he thinks that high-flying, aggressively priced tech stocks will be the first to bear the brunt of the downturn."Especially the stocks that have taken on this life of their own, which is mainly tech — that is, money-losing tech.

 

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His hair needs a massive reset.

22 not enough I can figure it out myself then

He looks 40

Lol, nice hair, pal.

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