The stock market's euphoric rally has been a head fake: Wall Street

The year kicked off with a euphoric rally for the US stock market, but that's about to crumble, numerous Wall Street analysts warn.

As stocks sputter amid renewed inflation concerns, top analysts on Wall Street have been ringing the alarm this month that the rally of the last six weeks was nothing more than a head fake. , traders are behaving like climbers who blindly push towards the peak of Mount Everest without accounting for the risks involved.

has said he is also skeptical of the market's gains so far in 2023. The continued upside in stocks won't last because above-trend growth and a soft landing have already been priced into US equities. "Even if a soft landing comes to fruition, as in our baseline forecast, such an outcome should not lead to substantial equity market upside," Kostin wrote in a client note earlier this month.

The market is going to drop like a rock. The FED is printing money like crazy, and inflation is going up. The price of Bitcoin is indicative of this.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Nvidia’s stock-market hot streak is far from over, according to Wall Street analystsNvidia's stock has been a massive outperformer lately, and the company's latest results suggest to some analysts that the name is not done running up. Such Bs… $pypl Wall Street analysts are getting paid or bag holders this is why $nvda earnings were 🗑 🚮
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Nikola's Q4 earnings report triggers Wall Street stock plungePhoenix-based zero-emissions vehicle maker Nikola released its fourth quarter financials showing an operating loss larger than the previous year, triggering a roller coaster ride in its stock price.
Herkunft: abc15 - 🏆 263. / 63 Weiterlesen »