Goldman Sachs reported today that hedge funds are beginning to sell those hi-tech stocks. What’s going on with all those AI fancy stories? Instead, funds are buying those old school stocks such as Nestle…
Nippon Steel are buying symbolic United Steels at $15 billion, paying much higher than market value.
As we all know, commercial real-estate industries are quickly dying in US… As commercial property markets are dying, regional commercial banks are also dying together.
So, let’s be honest, USA is really OK?
US stock markets were easing a bit today.
Yes, agree…last week was too hot and overheated. Market needs a kind of resting time.
DJ Index was downed by 0.2%, S&P 500 index was downed by 0.4% and NASDAQ index was downed by 0.1% today.
Funds were sellers today on those high-tech AI stocks, making good profit. But let’s see how long this selling wave on high-tech stocks would continue.
Apple was downed by 0.8%, Amazon was downed by 0.2%, MS was downed by 0.7% but Tesla was up 3.9%. Japan’s Nikkei index was up 0.4%…
