News Formal

Stock market outlook: Tech rally to fizzle as bear market isn't over

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Nigeria News News

Tech stocks' blistering rally won't last and the bear market has 'unfinished business,' Morgan Stanley's top stock strategist says

The S&P 500 has advanced about 7.5% this year but was still down by 16% over the past 12 months.

"On the defensiveness point, our work suggests that Tech is actually more pro-cyclical and bottoms coincidently with the broader market in bear markets," Wilson wrote.

 

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

What blistering rally? Blistering will come inflation is settling. Petroleum production is reduced as demand has reduced they say. Wonderful if they kept pumping of course, they argue its leveling.

Why 'won't last'? Tech companies prepare to decouple from China. This will lead to stronger US and Europe tech partnership.

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:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Stock market news today: Tech stocks hurt as oil prices jumpUS stocks trade mixed as oil surges on unexpected production cut by OPEC+
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market 'pain trade' suggests latest rally will extend into AprilThe stock market is facing a 'pain trade' that suggests the latest rally will extend into April
Source: BusinessInsider - 🏆 729. / 51 Read more »