LONDON, Feb 9 The Dow and the S&P 500 eased from record highs today as investors digested recent gains while awaiting progress in passing a proposed US$1.9 trillion (RM7.7 trillion) stimulus plan. The tech-heavy Nasdaq, on the other hand, hit an all-time high for the fifth consecutive.
GameStop Frenzy Reveals Potential for Broader Stress in US Equities Next Week
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Donald Trump returns to social media
As the trading frenzy in GameStop Corp shares and other social media favorites recedes, investors are eyeing signs of potential market stress that could weigh on broader stock performance in coming weeks.
For now, U.S. equities appear to be looking past last week s surge in volatility that led the S&P 500 to its biggest weekly decline since October. Solid earnings, fiscal stimulus expectations and progress in country-wide vaccination efforts are leading stocks back to all-time highs.
The S&P 500 and Nasdaq posted records for a second straight session on Friday.
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Stocks could continue to go higher at least through the end of the first quarter given the massive stimulus out of Washington and the Fed s purchase program,
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The bull market will continue in 2021 with stock holdings still well below dangerous Global Financial Crisis levels, JPMorgan says
The bull market will continue in 2021 with stock holdings still well below dangerous Global Financial Crisis levels, JPMorgan says
Emily GraffeoJan 13, 2021, 03:18 IST
Reuters / Brendan McDermid
bull market based on current investor stock holdings, according to a team of
JPMorgan strategists led by Nikolaos Panigirtzoglou.
At the moment, non-bank investors around the globe allocate 43.8% of their portfolios to equities, which is significantly lower than the post-financial crisis high of 47.6% which was seen in January 2018, JPMorgan said.
This means stock can continue to grow higher, said the strategists.