Stock market bubble? Analysts explain why they're not worried
Publishing timestamp: 2024-03-07 07:29:04
Summary
The S&P 500 has been climbing to new all-time highs, with gains concentrated in tech stocks. Analysts are debating whether the market is in a bubble similar to the late 90s, but UBS and TS Lombard believe there are key differences. While the market is heavily concentrated in a few tech giants, the overall market breadth has improved. The Fed's dovish pivot and strong economic growth have supported the market, but some analysts believe the current bull run is missing the leverage component needed for a true bubble.
Sentiment: NEUTRAL
Keywords: s&p 500 index, markets, nvidia corp, investment strategy, breaking news: technology, breaking news: markets, economy, ubs group ag, breaking news: investing, u.s. economy, united states, wall street, breaking news: economy, business news, cnbc magnificent 7 index, technology,
Source: https://www.cnbc.com/2024/03/07/stock-market-bubble-analysts-explain-why-theyre-not-worried.html