Tuesday, 7 March 2017

Stocks fall after entering “danger zone”

Markets were mostly lower on Monday.

The S&P 500 fell 0.3 percent, the STOXX Europe 600 fell 0.5 percent and the Nikkei 225 fell 0.5 percent.

Markets fell as Business Insider noted that stocks have entered the “danger zone” according to Jeff Saut of Raymond James.

Indeed, a report from CNBC said that in order to make the case for buying stocks based on valuation, one has to believe that earnings will “truly shoot skyward”, a prospect that Matt Maley, equity strategist with Miller Tabak, sees as “far-fetched”.

No comments:

Post a Comment