Market sell-off won't last as there's no tech bubble to burst, CIO says

"I do not see any reason to be concerned that you're going to enter a bearish pattern where the market is overbought and therefore people are going to sell. I just don't see that pattern," Manish Singh, chief investment officer at Crossbridge Capital, told CNBC.

Pointing to the Nasdaq, Singh noted that on an equally-weighted basis — giving each stock the same weight regardless of market capitalization — the index is flat over the last three years. "This is no different than what you see in a U.S. election year, where you have a seasonality around August and September, and then post-election, the market starts rallying," he said.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Market sell-off won't last as there's no tech bubble to burst, CIO says'I just don't see a tech bubble. Yes, a few stocks have done well, and they have done well on earnings that they have delivered.'
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Bitwise CIO Hougan Says the Bitcoin Market ‘Is Not Bullish Enough’Crypto Blog
مصدر: Crypto_Potato - 🏆 568. / 51 اقرأ أكثر »

Tuberville, Alabama lawmakers blame market unrest on ‘Kamala Crash’: Why did the stock market drop?The Dow was down more than 900 points by lunchtime.
مصدر: aldotcom - 🏆 82. / 68 اقرأ أكثر »

July inventory increase brings Denver housing market closer to a buyer’s marketWith a 68% increase in available inventory from July of last year, the close-price-to-list-price ratio is the lowest it’s been since July 2020. According to the July monthly real estate trend…
مصدر: denverpost - 🏆 13. / 72 اقرأ أكثر »

Garden Ridge Market Days - Back to School Festival & MarketJoin in for GARDEN RIDGE MARKET DAYS Back-to-School Festival & Market on Aug. 10, 2024 from 9:30 a.m.-2:30 p.m. at Northeast Bible Church.
مصدر: SAcurrent - 🏆 607. / 51 اقرأ أكثر »