Hopes of ‘Goldilocks’ economy, rate peak buoy stocks

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

A test of the economy comes this coming week, when the U.S. reports employment numbers for July

. While comparatively strong employment data has been a driver of this year’s stock rally, signs that the economy is growing at too rapid a pace could spark worries that the Fed will need to raise rates more than expected.

Kalman, of Miramar Capital, believes there’s a growing chance the Fed may need to raise rates beyond their current 5.50% threshold and hold them there for longer than expected, an outcome he worries could dampen the economy and hurt risk assets.Many are also assessing the durability of a rally in tech stocks, which has been fueled in part by excitement over developments in artificial intelligence.

Still, some investors have been looking outside of tech stocks for further gains, wary of rising valuations. The S&P 500 tech sector now trades at 28.2 times forward earnings, from 19.6 at the start of the year. Yet he also believes stocks are in the “early stages” of their recovery after falling into a bear market last year.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 5. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Kitco daily macro-economic/business digest - July 27
Fonte: KitcoNewsNOW - 🏆 13. / 78 Consulte Mais informação »