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‘No one is really worried about small downturns,’ say investors
Shares have risen 65 per cent in the past year
The NYU professor on efficient markets, dangerous emotions, and Nvidia
Payments company has become a Silicon Valley bellwether as its valuation has risen and fallen over the past few years
Belief grows in further gains with recession fears abating and improved corporate earnings
Tech uber alles
Top-heavy markets
FTSE 100 companies are so cheap and so global that local politics is irrelevant
2024 vs 2021
Insignificant Seven?
Chipmaker joins Apple and Microsoft in reaching milestone after blistering share price ride
Global elections, regional conflicts and sky-high US equity prices might test the patience of investors this year
Also in today’s newsletter, US earnings look fine (but only fine)
US borrowers raised $7bn this month by selling convertible debt
Plus money velocity
Comparisons between the Magnificent Seven US tech stocks and the dotcom bubble miss the point
The EU is missing out on trillions of euros of capital for its businesses
And more on bad buybacks
Group of 11 pharma, tech and luxury shares echoes US dominance of ‘Magnificent Seven’
A mostly inconsequential look at what’s getting shorted where
Tobacco group continues to suffer from decline in smoking
Emerging-markets lender announces $1bn stock buyback as fourth-quarter profits surge almost tenfold
After the Nikkei’s record-breaking run, what should investors do now?
Foreign fund managers have been buying back in but many domestic investors remain wary after long bear market
US, European and Japanese markets hit all-time highs after chipmaker reignites AI optimism
International Edition