Advances in semiconductor fabrication and manufacturing have enabled chip makers to squeeze unthinkable amounts of computing power into pieces of silicon the size of a human thumbnail.
JPMorgan Asset Management’s chief global strategist, David Kelly, told Bloomberg on August 12 that stocks could recover and peak within the coming few years as the economy displays signs of a rebound.
Michael Burry, one of the most prominent Wall Street financiers, tweeted a cryptic message on August 4, in which he stressed that ‘the silliness is back’, noting that the market’s bullish sentiment.
According to data from Factset dated July 5, 103 S&P 500 companies have posted second quarter EPS guidance, of which 71 firms issued negative EPS guidance and 32 laid out optimistic guidance.