US Stocks Face Risk Signals: Tech Valuation Timebomb and Slower Economic Growth

Despite a recent pullback, the

Moomoo News Global03:00 ET

Jackson Hole Symposium Could Cast Light on Fed's September Decision -- Market Talk

There is perhaps not enough economic data to tip the balance in favor of an interest-rate cut by the Federal Reserve in September but more information is likely to be available by the Fed's Jackson Hole symposium in August, says John Plassard, senior investment specialist at Mirabaud Group, in a note.

WSJ02:13 ET

Barclays has raised its target for the S&P 500 index to 5600 points by 2024.

Barclays strategist raises S&P 500 index target for 2024 from 5300 to 5600 points.

環球市場播報00:53 ET

What Is the 'Trump Trade'?

State Street Senior Multi-Asset Strategist Marija Veitmane discusses the "Trump trade," the outlook for earnings and why she cautions against a "wholesale rotation into small caps."

Bloomberg23:34 ET

Blackrock: Sees the S&P 500 index pullback as a buying opportunity and is still bullish on technology stocks.

Blackrock has released a report stating that despite recent volatility in the US stock market, it remains bullish on technology stocks and believes that they will be the driving force of the market rebound. In particular, chip stocks will announce their quarterly earnings at the end of August, so it sees the market pullback as a buying opportunity. Blackrock suggests that while it is important to pay attention to how the weakening of the US Consumer Price Index (CPI) is translated into the Personal Consumption Expenditures (PCE) Price Index, the cooling of inflation also means that the Federal Reserve may begin cutting interest rates in the coming months. However, the positive outlook for the future is due to long-term structural changes such as AI, rather than short-term economic data such as CPI. Blackrock predicts that second-quarter profits for technology companies will follow.

Gelonghui Finance23:14 ET

Harris Glides Toward Nomination, Contest With Trump -- WSJ

Vice President Kamala Harris marched toward securing the Democratic presidential nomination Monday following President Biden's decision to abandon his re-election bid, as the party coalesced around her to take on Donald Trump this fall.

WSJ20:14 ET