While poised for the biggest monthly decline so far this year, the Nasdaq 100 is still up 37% in 2023, buoyed by optimism about artificial intelligence developments and hopes that interest rates would peak soon. Growth valuations remain well above their long-term average, Calvasina wrote in a research note.
Meanwhile, growth stocks’ dominance on the earnings revisions front is fading while flows to funds focused on this group of equities have turned negative, she wrote.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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