Why Stock Market Rally Can't Be Trusted

The stock market has been on a tear and investors are hoping for more gains. Rosenberg Research’s David Rosenberg offers three reasons not to trust the rally.

But can stocks keep rising? Rosenberg has his doubts. In a report released Wednesday morning, he calls the market’s rally “rather junky” and offers three reasons why: earnings, short covering, and breadth. And it’s not like the rally has been driven by the companies with strong fundamentals. Instead, the biggest gainers have been the most-shorted stocks, Rosenberg says, as well as those with weak balance sheets, what he dubs “non-profitable tech.” This is a sign that “this is a reflexive

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

JPMorgan says this stock market rally is not sustainableJPMorgan says this stock market rally is not sustainable
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

Stock Market Rally: How Long Can It Last?Hefty gains over the past week are bringing smiles. But what the Fed does on rates is still the big X factor.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Another top Wall Street strategist says last week's spectacular stock-market rally will soon fizzle.Joseph Adinolfi is a markets reporter at MarketWatch.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

‘Stock-market correction is over’ after broad surge amid ‘epic’ market ralliesYardeni Research breaks out winning sectors in the S&P 500’s surge last week
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »