
Why Tech Rally Will Spread Beyond Magnificent 7
The top stocks will get company as the rest of the technology sector joins in amid AI mania, says Wedbush’s Ives.
The top stocks will get company as the rest of the technology sector joins in amid AI mania, says Wedbush’s Ives.
Market-wide forces are impacting the high-flying shares, which have led the S&P 500 all year.
Historically, when the sector’s P/Es are this high, its market performance flags over the next 12 months, per Jack Ablin.
Risk grows as a raft of junk-rated issuers, paying modest interest, must refinance their debt at much higher rates.
The $1.3 trillion Government Pension Fund Global’s investment portfolio lost 2.1%—$33.6 billion—during the quarter.
Their stocks have been flat, like the rest of the market, but profit expectations are high for Q3.
The $1.4T Norges Bank Investment Management has increased its climate expectations for more than 9,000 companies in its portfolio.
When double-digit market growth precedes the 9th month, good things tend to follow for investors, according to LPL and BofA.
Distress in the high-yield market often is a sign of pending trouble. But economists are backing off of their recession forecasts.
Brad Lander warns that a prolonged work stoppage may harm the ‘long-term stability' of investments held by the city’s pension funds.
Following a weak 2022, the Government Pension Fund Global’s market value rose to $1.443 trillion at the end of June.
Technology leaders are off since mid-July, amid new investor wariness and concerns over their high valuations, the research firm contends.
It’s trickier for some, like the Norwegian program, which is funded by North Sea oil.