Is the US stock market going to face some dark times ahead?
The concept and narrative about the booming US stock market are slowly changing, and the equity markets of other countries, including the likes of Brazil, Germany, the UK, China, and Canada have yielded significantly better returns than the US in recent times, according to strategists including Hartnett. The biggest reason for the same could be because of the sudden faltering of the Magnificent 7 stocks including likes of Apple, Microsoft, and others, says Bloomberg.
Some investors may take their chances at markets beyond Wall Street, especially in the UK, whose markets are yielding comparatively better returns this year to date. Meanwhile, there are concerns that Treasury yields could drop by nearly 4% as President Donald Trump looks to tackle government spending after he came to power at the White House.
FAQs:
What are Magnificent 7 stocks?
The Magnificent Seven stocks are a group of seven high-performing assets, including the likes of Alphabet, Amazon, Meta Platforms, and many more.
Has the US stock market crashed?
No, the US stock market has slumped slightly in recent while, but there has been no major crash yet.
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