Investor jitters over potential chip policy changes played a part, with Nvidia alone losing more than $200 billion in market value on Wednesday.
Policy aside, a sell-off has been coming, with investors needing little reason to rotate out of expensive tech stocks and into cheaper names. Bank of America’s latest monthly fund manager survey shows 71 per cent believe the magnificent seven is the most crowded trade in global markets. This has been the case for 16 consecutive months, but the latest reading is the most extreme since October 2020. A rising number think
EY Entrepreneur of the Year profiles: From treating hair loss in men to providing e-scooters across Europe, here are some of this year’s nomineesValuation concerns had become acute. Creative Planning strategist Charlie Bilello notes the ratio of growth stocks to value stocks in the US recently hit its highest level since March 2000, the peak of the dot-com bubble.
A rotation was overdue. Thus, even as big tech stocks were tanking, US small-cap stocks were soaring, with the Russell 2000 index gaining 11.5 per cent in five sessions, resulting in it outperforming the S&P 500 by a record amount. This year has been extraordinary, a year characterised by most stocks going nowhere fast while a small number of mega-cap tech stocks – particularly Nvidia – went skyward.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »