Investor sentiment has become 'extremely greedy' and that makes the market fragile, says Fairlead's Katie Stockton
After strong start to the year, the stock market now looks vulnerable as investors appear to be overdoing it, according to Fairlead Strategies' Katie Stockton.
January in particular saw some encouraging stock market breakouts, which typically indicate wider participation as a broader range of equities drives the rally,But since then, participation has been narrower, with the Nasdaq outperforming the S&P 500 amid heavy reliance on the handful of mega-cap tech stocks. The S&P 500 is up more than 7% year to date, while the Nasdaq is up nearly 15%.
Such outperformance will be fleeting with a relative pullback likely that will set up a test for the market, she predicted. "Sentiment has now gotten what we call sort of extremely greedy," Stockton added."You can see it maybe yesterday in bitcoin. That greedy sentiment makes for a fragile tape."The stock market's 20% rally off its mid-October low has
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
South Philadelphia community refrigerator in need of volunteers to continue to serve those in needThere’s a 24-hour community fridge in South Philadelphia and it’s having a huge impact on the community by feeding so many people. But, now they are seeking the public’s help.
Weiterlesen »
Here’s What We Could See at Tesla’s Investor DayHere's what we could see in Tesla's Master Plan 3, scheduled to be unveiled during the company's upcoming Investor Day.
Weiterlesen »
Tesla’s Master Plan 3 to Be Unveiled at Investor DayTesla’s upcoming Investor Day event, many shareholders are wondering what announcements to expect. Tesla’s next Master Plan
Weiterlesen »
Anticipating Tesla's 2023 Investor Day On March 1Tesla's 2023 Investor Day will share news about long term expansion plans, a new generation platform, and planned capital allocation.
Weiterlesen »
Sequoia Capital, Paradigm among VCs facing 'tricky' FTX investor lawsuitThree VC firms have reportedly been taken to court by FTX investors who claimed their marketing efforts added an “air of legitimacy” to FTX.
Weiterlesen »
Early Deliveroo investor Hoxton Ventures is set to lose one of its founding partnersEuropean venture capital firm Hoxton Ventures, a backer of some of the U.K.'s best-known tech unicorns, is set to lose one of its founding partners.
Weiterlesen »