Tech earnings could supercharge a greedy stock market - News Summed Up

Tech earnings could supercharge a greedy stock market


A version of this story first appeared in CNN Business' Before the Bell newsletter. You can sign up right hereLondon (CNN Business) Earnings from some of the biggest US technology companies could push the market to new highs as talk of a stock bubble continues to ripple through Wall Street. Big picture: Greed has returned to markets, according to the Fear & Greed Index from CNN Business . Two of the metrics for determining market sentiment — stock price strength and market momentum — indicate "extreme greed." "We don't think that we are yet in the late stage of a bubble in the overall stock market," John Higgins, the chief market economist at Capital Economics, said in a note to clients Tuesday.


Source: CNN January 27, 2021 12:48 UTC



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