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Barclays downgraded mega-cap tech stocks, given their extreme valuations.The S&P 500 P/E ratio is approaching the 2000 dotcom bubble peak.We can expect more volatility in the coming months.Since the decline in March, mega-cap tech stocks have led the recovery in U.S. equity markets. After hitting a low of 6,879 on
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The U.S. stock market bull run might continue because portfolio managers don’t see an inflation-led asset bubble as a threat.It is hard to accurately measure inflation and strategists say that a bubble won’t likely form in the near term, at least until the year’s end.Meanwhile, the Federal Reserve’s average inflation
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After rising for several days, U.S. stock indexes plunged sharply on Thursday. Big tech stocks dragged down the whole stock market. The overvalued tech sector was due for a correction. Thursday is a bad day for U.S. equity markets. Stocks fell sharply after the recent rally hit all-time highs. The tech sector, the
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Bloomberg data show China’s economic growth could drop to 3.5% when it decouples from the U.S. President Trump has refrained from mentioning the trade deal with China in recent months. With a trade-deal fallout unlikely, the U.S. stock market may have further room to run in 2020. According to Bloomberg Economics, China’s economic
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The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it? Today’s episode of The Breakdown looks at the stories the stock market is trying to tell, including:New all-time high in total market capitalization to GDP ratio
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Strong demand for homes suggests the market is strong. Several factors have the potential to bring the housing market crashing down. A significant factor moving forward will be affordability. Bears have been predicting an impending housing market crash for some time, and the pandemic seemed to be the perfect catalyst for a downward
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Apple’s stock split prompted the most significant reshuffle in the Dow Jones Industrial Average in seven years. The Dow has trailed the Nasdaq and the S&P 500, which have been boosted by tech stocks rally. When the tech bubble blows up, the Dow will plunge along with other indexes. The dominance of technology
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The Dow Jones might be in a consolidation phase after the March bottom, asset manager Todd Gordon says. If a similar pattern as the 2000 dot-com bubble to the 2008 housing bubble follows, U.S. stocks are en route to new highs. The Fed’s 2% average inflation rate, combined with low-interest rates and
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U.S. tech stocks are now more valuable by market cap than the entire European market. Five mega-cap tech stocks have helped the S&P 500 outperform all of Europe. A significant market downturn could be in the cards as tech stocks are overvalued. There are many signs that the U.S. stock market is in
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The Federal Reserve is creating a “catastrophic” economic bubble through its decision to implement a 2% average inflation rate, says Peter Schiff. The U.S. stock market is continuing to surge and strategists expect an asset bubble to form, as stocks show fewer signs of a double-dip. Investors question whether this gives the
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