JEAN PIERRE VERSTER: The new stock market generals

There is a stock market aphorism which says the generals get shot last. The phrase conveys the idea that a bear market cannot bottom until the largest stocks which drove the previous bull market lose significant value.

The generals have certainly been wounded in the US market over the past two weeks, with Meta Platforms, Amazon, Microsoft and Alphabet all falling sharply on the release of their latest quarterly results. These four stocks, together with Apple, accounted for about a third of the total return of the S&P 500 index for the five years up to the end of 2021...

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.

Business Maverick: Markets wrap: Global stocks set for weekly drop and China reboundsGlobal stocks headed for a weekly loss amid fears that Federal Reserve interest rate hikes may trigger widespread recession.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Tech Weighs on Stocks, Dollar Down Most Since 2020: Markets WrapStocks saw an earlier rally wane, with traders weighing mixed jobs figures and awaiting next week’s inflation data for more clues on when the Federal Reserve would be able slow down its pace of rate hikes.
Source: dailymaverick - 🏆 3. / 84 Read more »