While some signs of an overextended market are appearing, it...
While some signs of an overextended market are appearing, it isn’t clear yet whether the market has reached its limits on the artificial intelligence-fueled rally — which can’t continue its “meteoric rise,” said Jamie Cox, managing partner at Harris Financial Group.
“The good news is, reality does not mean markets crashing or having these big, massive draw downs,” he said. “It’s more of a rebalancing of the field a little bit, because the valuations of those companies have just gotten so far afield from the average stock that you probably would see some broadening, which has been long talked about.”
Nvidia fell 3.5% on Thursday, leading the information technology sector to drop 1.6%. Nonetheless, the chipmaker is still up more than 160% year to date, and it briefly beat Microsoft as the most valuable public company on Tuesday.
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Some famous words of Buffett. I hope it's useful to you. : )
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