Stock Market Rally Losing Momentum, Economist Warns
Thursday, 30 May 2024, 22:33
Stock Market Rally Losing Momentum
Top economist David Rosenberg has raised alarms about the sustainability of the current stock market rally, pointing to a concerning disparity between earnings growth and elevated prices.
A Potential Bubble
This is a huge bubble, exceeded only in the 1999-2000 tech mania, warns Rosenberg.
- Investors advised to approach with caution as the market rally shows signs of strain.
Stay informed and monitor market developments closely to navigate potential risks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.