— the famous FAANG stocks — have maintained their status as front-liners of marketwide gains. That's largely because the unique nature of this recession has made their products and services even more valuable to a socially distanced public.
"US tech sector profits have only really outperformed decisively in the past few months, but rather than profits merely catching up with previous heady price outperformance, IT stocks have continued to surge higher relative to the market, especially in the rally since March," Edwards said. He recalled that tech stocks also outperformed the market relative to their EPS growth in the late 1990s. And in his view, investors' exuberance and their belief that the Federal Reserve would continue pumping liquidity into markets served as underlying propellants then and now. that benefit from economic recoveries has Edwards doubtful that the recessionary bear market is decisively over.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Predicting market crashes is just sensational journalism
Reminder that bears eat trash.
Bears are fake news.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market crash: Current rally is a trap, says one market legend - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Which one is true?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market crash history since 1920s reveals recovery risks: SocGen - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Microsoft's carbon initiative could be big business: Morgan Stanley - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Instagram to share ad revenue with influencers - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Google's potential stake in Vodafone Idea would accelerate US tech giants' growth in India - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Hi i'm imanpatwary5252 are you looking for your best monogram and initial letter Logo for your company and business? I will make logo design awesome monogram and initial letter For You In 24 hours, quickly order now in the order link rainSouthAfrica they looking for you 👀 Google is partnering with ‘Bharti’ Airtel and not ‘Bahari’ Airtel as stated in the article, please do make the change ! 😊
Source: BusinessInsider - 🏆 729. / 51 Read more »