We see second-half “trouble rather than an era of new AI rules,” strategists led by Michael Hartnett wrote in a note on Friday. They highlighted the correlation between central bank liquidity and tech stocks, and indicated that it is incongruous the Nasdaq has been testing record highs while central bank balance sheets have fallen by around $3 trillion during the current rate-hiking cycle.
Hartnett was correct in his prediction for a stock-market slump last year and has maintained a bearish outlook in 2023 even as equities rallied in the first half. Hartnett delivered his warning even as tech stocks saw the largest inflows in ten weeks at $2.3 billion in the week through Wednesday, according to EPFR Global data cited by BofA. The data do not capture Thursday’s market moves.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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Stock market today: Tech stocks rally after blowout Nvidia profit, while rest of Wall Street driftsNEW YORK (AP) — Technology stocks are jumping in early trading following a blowout profit report from Nvidia, but moves for the rest of Wall Street are more muted. The S&P 500 was 0.
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Stock market today: Tech stocks rally after blowout Nvidia profit, while rest of Wall Street driftsTechnology stocks are jumping in early trading following a blowout profit report from Nvidia, but moves for the rest of Wall Street are more muted. The S&P 500 was 0.3% higher early Thursday, continuing a strong week that has trimmed its loss for August so far.
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Tech stocks rally, yields drop, ahead of Nvidia earnings: Stock market news todayStocks were higher on Wednesday afternoon with investors bracing for results from Nvidia after the bell.
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Health-care stocks to benefit from tech advances, analyst saysInvestors are overlooking small health-care stocks on the TSX, according to one analyst.
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European Stocks Drop as Nvidia-Fueled Tech Rally Loses SteamEuropean stocks fell as investors awaited comments from the Jackson Hole symposium and digested US data that showed applications for unemployment benefits fell to the lowest level in three weeks.
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Tech Rally Puts China Stocks on Track for Best Day This MonthA gauge of Chinese stocks listed in Hong Kong headed for its best day so far in August, as optimism over earnings drove strong gains in technology shares.
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