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Some market participants believe the relentless U.S. stock rally is poised for a breather, even if it remains unclear whether equities are in a bubble or a strong bull run. The benchmark...
Some market participants believe the relentless U.S. stock rally is poised for a breather, even if it remains unclear whether equities are in a bubble or a strong bull run. The benchmark S&P 500 index is up over 25% in the last five months, a phenomenon that has occurred just 10 times since the 1930s, according to BofA Global Research. In an advance led by stunning gains in chipmaker Nvidia, the S&P has already made 16 record highs this year, the most in any first quarter since 1945, CFRA Research data showed.
The last time the S&P 500 slid more than 5% was in October, though BofA data show such sell-offs historically occur three times per year on average
The company's stock has been on a huge rally, driven partly by AI, though it lost some ground Tuesday
Prosaic financials and industrials perform like tech hotshots, Truist notes.