Stock market sell-off: Four market analysts explain the move

  • 📰 CNBC
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Stock market sell-off: Four market analysts explain the move (via TradingNation)

Barry Bannister, head of institutional equity strategy at Stifel, sees this as a computer-driven rotation.

"To an extent it does feel like too much money chasing too few ideas. It's very hard to make that rotation from growth to value, from disinflation to reflation without there being some interruptions in the market. So I think it's just a lot of money, a lot of liquidity, a lot of algorithms that are just saying, 'Well, these didn't go up, let's buy them. The other ones may have went up a lot, let's sell them.' So it's almost like a computer-driven rebalancing.

Stephen Weiss, founder of Short Hills Capital Partners, said investors should assess how much damage was done. "Greed has a way of just biting you in the a-- at some point, and then you have to decide 'OK, is it a flesh wound or is it drawing real blood?' I think it's more of a flesh wound. I think it's taking some of the weak-handed traders that are coming out, buying stocks likeRob Sechan, managing director at UBS, sees a rotation out of tech.

"There are reasons that the market is selling off. We've seen these tech names perform tremendously well, it looks like they've reached some unsustainable prices.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TradingNation CNBC is the reason market crashes! Don’t listen to anything they say or advertise, all Monday morning qb’s, all fear and panic, losers!

TradingNation Fake Stock Market Rally Engineered By The Fed. It’s all lie, they are looting people and taking their money by fake Wall Street stock.

TradingNation Trump's fault!

TradingNation Trump saying he will use the American people to experiment on with a Covid_19 vaccine, while he is unwilling to follow basic science and wear a 😷 while holding rallies spreading Covid_19 as 190,000 Americans are dead! Of course the markets are plummeting, Republicans lie!

TradingNation Why do they think they have any idea? They all just guess. It’s a joke! Get them off the tv bc they legit don’t know!!! Nobody does!!

TradingNation And $KCAC up 106% after market

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:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens ThursdayU.S. stock futures were modestly lower Thursday after the Dow surged 1.6% to its first close above 29,000 since Feb. 20. Wall Street isn’t Main Street. Both need to be nurtured !
Source: CNBC - 🏆 12. / 72 Read more »

Here's what happened to the stock market on ThursdayA massive sell-off in tech dragged down the broader market from record levels. We can’t really explain why the markets went up so much last few months; we could make educated guess. Now we can’t really explain why there’s a down turn; we could make educated guess... ! I don’t believe we can explain on fundamentals!
Source: CNBC - 🏆 12. / 72 Read more »

The stock market thinks Joe Biden is going to beat Donald TrumpA basket of stocks that could fare well in a Biden presidency has been outperforming the overall market and a portfolio of stocks that might benefit from a second Trump term Democrat mandates are better than Republican mandates for the stock (and for America of course). Biden2020 BidenHarris2020
Source: CNN - 🏆 4. / 95 Read more »

Crowdstrike could be the next cloud stock to soar on earnings, say options tradersOptions traders are betting on Crowdstrike to post big earnings gains when the cybersecurity company reports after the bell on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens WednesdayShares of Macy’s rose after the embattled retailer saw digital sales during the pandemic surge 53% in Q2. Here are 5 things to know before the stock market opens today: We thought they were going bankrupt so we used all our outstanding gift certificates
Source: CNBC - 🏆 12. / 72 Read more »