U.S. stocks ‘vulnerable to a correction,’ warns top asset manager

If you believe a report that a deal is 90% of the way there, then maybe. No matter, because global equity markets, that never seem to tire of getting juiced by trade hopes, appear to be buying this latest development on Wednesday.

And no matter that some Wall Street analysts can’t shake their caution and just embrace the idea of bull year No. 11. There may be one tiny crack on the surface, though, as noted by Cracked Market blogger Jani Ziedins who says “now that prices are a lot higher, it is harder to find people willing to chase stocks.”

He’s least keen on Wall Street: “The U.S. stock market looks the most vulnerable to a correction; not only is it the most expensive in our scorecard, but profit margins among U.S. companies look set to contract from record highs of 11%.” Backing this up, he cited data from the National Association for Business Economics Survey showing that nearly two-thirds of U.S. companies have reported higher wage costs.

What does Pictet like? Defensive stocks, such as health care and utilities, but steer clear of the two “most expensive industries” right now — goods and services that consumers don’t view as essential, and technology, they say. No one’s really envying Blue Apron’s APRN, -1.68% new CEO, Linda Kozlowski, whose new job may be a tough and thankless task.Boeing BA, -0.20% and accident investigators are looking into a Florida repair shop, which worked on a faulty sensor linked to the crash of the Lion Air 737 Max last year.

A bunch of Fed speakers will also hit the tape — Atlanta Fed President Raphael Bostic, Richmond Fed President Tom Barkin, Kansas City Fed President Esther George and Minneapolis Fed President Neel Kashkari.Each of you, one day, can be the Mayor of Chicago."

REALLY!?

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.

Despite big first-quarter rally, stocks still lag other assets in making up lost groundThe stock market came roaring back in the first quarter, but several benchmarks, including the S&P 500, continue to lag other assets and remain below...
Source: MarketWatch - 🏆 3. / 97 Read more »

Cramer: Fund managers are ditching high-growth stocks for Lyft, IPO seasonThe major indexes finished Wednesday in the red. Jim Cramer says expect the selling to continue as big funds build capital to buy IPOs Crazy... Cash loser forever Bullshit. Again jimcramer doesn't know what the hell he is talking about. Why are the Democrats not enraged over one person one vehicle transportation?
Source: CNBC - 🏆 12. / 72 Read more »

IPO rush creating 'ominous sign' in tech market, $3.5 billion money manager warnsMayflower Advisors' Larry Glazer is discouraging investors from the tech space as more companies get ready to go public. IPO are utter Gambling. And IPO are also not available to the vast majority of people. Gobbled up by Funds and the Ubber rich.
Source: CNBC - 🏆 12. / 72 Read more »

U.S. Stocks Rise, Notching Best Quarter In YearsU.S. stocks rose, with the S&P 500 closing out its best quarter since the financial crisis. Benchmarks were buoyed by fresh signs that inflationary pressures remain contained. Lyft opened 21% above the IPO price, but dropped 11% from there. So, to be fair it spent most of it's first day dropping. MORE MONEY FOR THE RICH!
Source: WSJ - 🏆 98. / 63 Read more »

Oil prices slip as market eyes U.S. stocksOil prices declined on Wednesday, reversing earlier gains, as further disruption...
Source: Reuters - 🏆 2. / 97 Read more »

Oil extends losses into second session as U.S. stocks riseOil prices fell on Thursday, extending losses into a second straight session, af... Gonna be a hot summer... I'm sorry, why are we still in a market economy? Abundance ResourceBasedEconomy ZeitgeistFilm
Source: Reuters - 🏆 2. / 97 Read more »

Asian stocks inch higher on hopes of progress in U.S.-China talksAsian shares posted narrow gains on Friday on revived hopes of progress in U.S.-... Actually...the US-China fight about the 5 G. (Huawei ). :) 八百長プロレスで希望をつなぎむまぁす！🤪🌀🖐 No deal possible due to Hauwei!
Source: Reuters - 🏆 2. / 97 Read more »