As Tech Stocks Continue To Falter Amid Tesla, Google's Unimpressive Earnings, Expert Says 'Unwinding Has Begun Of Popular Trades That Brought Valuations To Stupid Levels'
As Tech Stocks Continue To Falter Amid Tesla, Google's Unimpressive Earnings, Expert Says 'Unwinding Has Begun Of Popular Trades That Brought Valuations To Stupid Levels'
The technology sector is witnessing a downturn as stocks continue to falter due to unimpressive earnings. expert has indicated that the unwinding of popular trades, which led to inflated valuations, has begun.
由于收益不佳,科技板块正在经历下滑,专家表示流行交易的解除已经开始,导致估值膨胀。
What Happened: The assumptions driving this year's global financial markets are being rapidly reassessed. Investors are scrambling to redeploy money amid growing doubt over the U.S. economy's outlook, leading to speculation that the Federal Reserve may implement faster or deeper rate cuts than previously planned, Bloomberg reported on Friday.
发生了什么:今年全球金融市场的假设正在迅速重新评估,投资者正在努力重新配置资金,因为对美国经济前景的怀疑越来越大,这导致有人猜测美联储可能比之前计划实施更快或更深的降息。彭博社周五报道。
Investors have become skeptical about the payoff of technology companies' substantial investments in artificial intelligence. Consequently, shares of big winners such as Nvidia Corp. (NASDAQ:NVDA) and Broadcom Inc. (NASDAQ:AVGO) have been discarded.
投资者对科技公司在人工智能方面的巨额投资回报持怀疑态度,因此股票走势不佳,大赢家纷纷出局,如英伟达股份有限公司(NASDAQ:NVDA)和broadcom公司(NASDAQ:AVGO)。
"It does seem that an unwinding has begun of popular trades that brought valuations to stupid levels," Louis-Vincent Gave, CEO of Gavekal Research, wrote in a note to clients.
“看来已经开始解除那些将估值推高到愚蠢水平的热门交易。” Gavekal Research的首席执行官Louis-Vincent Gave在一份给客户的研究报告中写道。
Torsten Slok, chief economist at Apollo Global Management, warned clients that "if the economy starts slowing down, the speed of the slowdown becomes essential. A faster slowdown would have negative implications for earnings and increase the probability of a selloff in stock markets and credit markets."
阿波罗全球管理的首席经济学家Torsten Slok警告客户:“如果经济开始减速,这种减速的速度非常重要。更快的减速将对收益率产生负面影响,并增加股票市场和信贷市场出现抛售的概率。”
Government bonds are also experiencing a gloomier global growth outlook, prompting investors to snap up short-dated securities amid concerns that monetary policy is too tight, acting before borrowing costs decrease.
政府债券的前景也显得更加黯淡,引发了投资者的担忧,担心货币政策过于紧缩,在借贷成本下降之前采取行动,抢购短期证券。
Stock markets have been driven this year by a consensus that inflation was coming under control, allowing the Fed to ease monetary policy later in the year and thus avoid a recession. Now, many investors believe that the Fed is falling behind the curve — not only is inflation quieting, but the economy is weakening too much.
今年股市的推动力来自于一致认为通胀得到控制,允许美联储在年底之后放松货币政策,从而避免经济衰退。现在,许多投资者认为美联储已经落后了——通货膨胀不仅在趋缓,经济也过于疲弱。
Why It Matters: This downturn follows a tech stock selloff triggered by disappointing quarterly reports from Tesla (NASDAQ:TSLA) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), causing the tech-heavy Nasdaq Composite to drop 3.6% on its worst day since October 2022.
为什么重要:这一下滑是源于特斯拉(NASDAQ:TSLA)和alphabet inc(NASDAQ:GOOGL)(NASDAQ:GOOG)公布的令人失望的季度报告引发了科技股的抛售,导致以科技为主的纳斯达克综合指数出现了3.6%的大跌,这是自2022年10月以来的最糟糕的一天。
Despite the selloff, CNBC Mad Money host Jim Cramer defended the performance of Tesla and Alphabet, stating that anyone who listened to their conference calls would know that these companies are performing extremely well.
尽管出现抛售,CNBC《疯钱》主持人Jim Cramer辩护特斯拉和alphabet inc的表现,表示任何听过他们电话会议的人都会知道这些公司的表现非常好。
The S&P 500 and the Nasdaq Composite concluded lower on Thursday, continuing the trend of significant losses from the previous session. Major tech companies, including Nvidia, Meta Platforms (NASDAQ:META), Microsoft Corporation (NASDAQ:MSFT), and Alphabet, all closed lower.
标普500和纳斯达克综合指数周四收低,延续前一交易日的重大损失。包括英伟达、meta platforms(NASDAQ:META)、微软公司(NASDAQ:MSFT)和alphabet在内的主要科技公司均收跌。
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Image via Shutterstock
图片来自shutterstock。
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本报道使用Benzinga Neuro生成,并由Pooja Rajkumari编辑