News Formal

Wall Street strategist warns of stock market bubble driven by Fed

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 16 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 77%

Finance News

Wall Street,Strategist,Stock Market

Societe Generale's Albert Edwards, a Wall Street strategist, warns that stocks are in a bubble due to the influence of the Federal Reserve. Other indicators of excess include cryptocurrency speculation, record-breaking highs, and rapid gains.

“Wall Street strategist who called dotcom crash says stocks are in a bubble driven by Fed,” headlined MarketWatch recently. It sounds alarming, but the warning comes from Societe Generale’s Albert Edwards, who has famously been bearish for most of the last 25 years.

There are some signs of froth. Hedge fund exposure to momentum stocks has reached all-time highs. Citigroup’s stock sentiment model is in the euphoria zone. Barclays notes CNN’s fear/greed indicator is in extreme greed territory. Retail sentiment is unusually bullish. Positioning is “high”, says Barclays.

 

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

 /  🏆 6. 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.

European shares touch new record highs as retail stocks jumpTech stocks and chipmakers decline on Wall Street
Source: IrishTimes - 🏆 3. / 98 Read more »