The post “zero-Covid” rebound in China has been something of a disappointment so far. Many thought that the removal of the stringent lockdown policies at the back end of 2022 would lead to an economic revival, but the uptick has been rather muted. Despite some decent economic data, other issues have come to the fore, such as elevated rates of unemployment among the younger population, a deceleration in manufacturing operations, a challenging housing market, and ongoing geopolitical tensions with
What to do when the conventional wisdom and the market sentiment are tugging in different directions? It’s happening now, with markets registering strong year-to-date gains even though elevated inflation and high interest rates are threatening a credit crunch and starting to crimp consumer spending. B. Riley’s chief investment strategist, Paul Dietrich has been watching the markets closely, noting, “The jump in the S&P 500’s big tech stocks is hiding concerns among investors that the U.S. is abo
Year-to-date, the S&P 500 has delivered an impressive return of 14%. However, those gains are a bit deceiving as the bulk of the upside has been driven by only a few selected stocks, namely the tech Mega Caps (AAPL, MSFT, NVDA, META, AMZN). If we exclude those five stocks, the index has only advanced by 5%. While one could argue that the market is due for a cooling down period after such a rally, Goldman Sachs Chief U.S. Equity Strategist David Kostin suggests otherwise, citing past evidence. “P
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