. So, as interest rates have risen, tech has been hurt. It's definitely hurt the highly valued or no-earnings stocks much more than the mega-cap stocks, but it's hurt the overall sector. What's really interesting to note, though, is that ... whenever we talk about tech being at lofty levels and selling off, we immediately go back to 2000 and say, 'Oh, my god, here we go again.' But the thing is that the tech sector [is] only slightly higher than the broader market right now.
David Kostin, chief U.S. equity strategist at Goldman Sachs, said questions around inflation were "really a topic of valuation": "Valuations are definitely expensive relative to history on an absolute basis. Relatively more in line on an interest rate-adjusted basis from a valuation perspective. So, really, the debate with the portfolio manager community has been how long is transitory? And I speak almost every day with a major CEO or CFO of a corporation. Everyone in the corporate world is expecting inflation in their products over the next six months.
Rick Rieder, chief investment officer of global fixed income at BlackRock, said that while it's time to taper, some of the present inflation is indeed transitory: "I think we need to taper. The amount of liquidity that's gone into the system has been immense. By the way, what people don't talk about ... [is] this. It's the fact that … the fiscal [is] actually coming through directly in checking accounts. And by the way, there's another [$400 billion] to 500 billion — I think it's actually 500 billion — that's coming in over the next three months. So, there's a lot of liquidity.can pull back.
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:
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.
Stocks sink again on Wall Street as inflation worries mountInflation worries rattled Wall Street Wednesday, pulling the Dow Jones Industrial Average more than 680 points lower and placing the major stock indexes on track for their worst week in more than six months... Well, in 228 years we accrued 20 trillion in debt (1790-2018), then in the last three years we added a mind boggling 9 trillion. So yea inflation will occur. Putin has unleashed his Russian hell hounds of cyber disruption onto America's energy infrastructure. It will affect the U.S. economy adversely, w/ gas shortages & inflationary pressures. Warfare w/enemies will not be fought conventionally. But w/computers & cyber technology! who the hell knows what motivates the stocks these days?
Source: AP - 🏆 728. / 51 Read more »
European stocks rebound from worst day in 2021, as U.S. futures remain negativeStocks in Europe inched higher on Wednesday, rebounding slightly from the worst trading day of 2021 as U.S. stock market futures remain set to open lower. Normally I don’t do this, I don’t praise people for any reason,truth be told good work deserve appraisal,I wound deny the fact that I’m super jealousy of your hard work and skill. I’m proud of you and what you do in the life of people we need more people like you Sharon_cryptofx Paywall
Source: MarketWatch - 🏆 3. / 97 Read more »
US stocks tumble as data shows inflation spiked higher than expected in AprilUS stocks fell Wednesday morning after data showed inflation measured by the Consumer Price Index rose 4.2% in April, the most since 2008. Many investors have seemingly moved to crypto, yet traders (day & swing) seem divided between options and futures. Every day is starting to look the same. Those that saw the massive gains in tech are taking profits.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dow Falls 300 Points: Stocks Slip A Third Day After ‘Huge’ Inflation ReadingThe Dow fell 300 points: Stocks are falling for the third-straight day this week after the highly awaited consumer price index report showed a staggering rise in prices last month hello captain obvious about time they payed attention.
Source: Forbes - 🏆 394. / 53 Read more »
Stocks Extend Slide on Inflation DataThe Dow and S&P 500 finished their steepest three-day declines in nearly seven months, after a sharp rise in consumer prices heightened concerns that interest rates could be headed higher. $TENDIE IS THE ONLY INFLATION HEDGE
Source: WSJ - 🏆 98. / 63 Read more »
Stocks tumble as surging prices rattle the marketUS stocks sold off Tuesday and the Dow briefly tumbled more than 600 points, as investors grow increasingly concerned about raw material price spikes, shortages and inflation.
Source: CNN - 🏆 4. / 95 Read more »