US stocks have kicked off 2023 on a high as a risk-off tone pervades markets, but the rally may not last for long, according to a Wells Fargo strategist. on Thursday, equity strategist Anna Han said the optimism in the US stock market is"odd to see," since January is typically a month when investors stand down from high-risk assets.
"That's not been the case this time. You're seeing people bid for risk, and you're seeing equities come out of the gates hot," Han said. It might be because investor sentiment toward the end of last year and coming into 2023's earning season was so poor, she added. "Seeing that not as bad as feared sort of tone is helping equities rally," Han said. But such investor appetite for risk likely won't carry through the year, she added.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market outlook: 20% rally coming as bullish indicators flashA bullish trifecta of stock market indicators is flashing, and it suggests a 20% rally is on the horizon, Fundstrat's Tom Lee says A fool and his money are soon parted. 👀
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market outlook: US stocks rally is 'odd' and will be fleetingThe US stocks rally is driven by optimism that things are 'not as bad as feared,' but this may not last, Wells Fargo strategist warns I am starting to agree with elonmusk about this account 😂 why do y'all start off positive and then end it with negativity. Terrible article writers with these headlines. Nobody's reading this BS ! They're worse. The retail investor doesn't matter only the banking institutions run the stock market so if you detected your own problem maybe that's a sign of something. But it probably won't be because you're a bank. And banks are thieves
Source: BusinessInsider - 🏆 729. / 51 Read more »