News Formal

Wall St Week Ahead: Tech earnings to test markets' 'most crowded' trade

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

A blistering rally in megacap growth and technology shares has buoyed markets this year, and earnings reports in coming weeks could help investors determine if those gains are justified.

in March with 9,000 cuts, and others that bring the total to 27,000 layoffs over recent months.

Stimpson is overweight technology and cutting back on his energy exposure in anticipation of a recession. Still, gains could fizzle if the Fed does not cut interest rates this year, as widely expected. While the central bank has projected borrowing costs will stay around current levels until year end, investors are pricing rate cuts after the summer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What to watch for in the markets in the week ahead: Monster tech earnings, then sell in May?One investor is worried about the outlook the rest of 2023. 'Valuations are already so high, I think a lot [optimism] is already in the price,' he says.
Source: CNBC - 🏆 12. / 72 Read more »