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The S&P 500 started its plunge around mid-August last year, sunk by technology stocks. A year later, we’re experiencing an unwelcome sense of déjà vu.
The S&P 500 started its plunge around mid-August last year, sunk by technology stocks. A year later, we’re experiencing an unwelcome sense of déjà vu.
(Bloomberg) -- If the August downturn for US stocks resumes, Wall Street strategists say it may be a buying opportunity for those who sat out of this year’s rally — not the beginning of another painful slide.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefNasdaq 100 Climbs 1% as Tech Powers Stock Rebound: Markets WrapMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBond Bulls at JPMorgan, Allianz Double Down on a Bet Gone BadAt HSBC Corp., chief
But once again, an equal amount of analyst think demand will be sustained.
Oil prices rose about 1% on Friday on signs of slowing US output, but both crude benchmarks also ended their longest weekly rally of 2023 on mounting concerns about global demand growth.