AI Propels Stocks to Monster First Half
S&P 500 has climbed 15% despite reduced hopes for Federal Reserve interest-rate cuts
The AI fervor powering the stock market shows no sign of cooling down.
So far, Nvidia has contributed 30% of the S&P 500’s total return
Throw in Google parent Alphabet, Microsoft, Facebook parent Meta Platforms and Amazon.com, and you have accounted for well over half of the index’s return.
https://www.wsj.com/finance/stocks/ai-frenzy-propels-stocks-to-monster-first-half-620229cc
Goldman’s Hedge Funds Head Says It’s Time to Cut Portfolio Risk
After a blistering rally driven by the biggest technology stocks pushing the S&P 500 to a string of all-time highs this year, it’s “a good time to tap the brakes,” according to Goldman Sachs Group Inc.’s Tony Pasquariello.
“It’s a bull market, but the probability of a drawdown is rising,” Pasquariello, the bank’s global head of hedge fund coverage, wrote in a note to clients Friday.
“As long as the economy is growing, and earnings are growing, significant selloffs are very rare,” he wrote.
Pasquariello said investors could take advantage of the low cost of downside protection and hedge portfolios with put options
Natalia Kniazhevich Bloomberg 28 juni 2024
300 miljarder borta på en dag – Nike
SvD 29 juni 2024
https://www.svd.se/a/Oo83r3/air-jordan-hajpen-over-nikes-borsvarde-ned-300-miljarder-pa-en-dag
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