Wall Street analyst: "The seven giants of technology" are like the Internet foam, and the US stock market will plummet next year!
胡胡胡美丽_ss
发表于 2023-12-14 10:41:44
249
0
0
A senior investment consultant compared the prosperity of the current technology giants with the Internet foam, and predicted that the stock market would plummet in the next six months and the economic recession would come.
Ted Oakley, managing partner and founder of market consulting firm Oxbow Advisors, said on the show, "Everyone is flooding in the same stocks, so this could be a source of future losses. I think the worst part will happen in the next one or two quarters."
"The worst part of any sell-off is always at the end. This means that even the best investors in the market cannot escape the pain of the future," he added.
Oakley, who has worked in the wealth consulting industry for 40 years, pointed out that almost all of the returns of the S&P 500 index this year came from the "tech seven" stocks, including Tesla and Nvidia. He compared the current wave of artificial intelligence to the hype surrounding the internet in the late 1990s and early 21st century. Artificial intelligence is a key driving factor for the rise of technology stocks this year.
He said, "When you enter such a foam and everyone is trapped in the same thing, you know that this will eventually become a problem." He described the hype surrounding just seven stocks as preparation for "disaster".
Oakley emphasized that it is extremely rare for stocks that lead the market higher in one cycle to repeat this feat in subsequent cycles. He also pointed out that the rise in interest rates has pushed up the yield of safer assets such as US treasury bond bonds and cash, and weakened the attractiveness of stocks.
He also pointed out that Berkshire Hathaway, a subsidiary of Warren Buffett, reported a record $157 billion in cash reserves and net sold stocks in the previous quarter, proving that the stock market was overheating.
"This tells me that they have nothing to buy, otherwise they would have bought it long ago," he said. "People need to pay attention to such things."
Oakley said that due to the historical scale of government spending since the pandemic, prices of stocks, houses, and other assets have skyrocketed. The economic recession has not yet arrived, as a large amount of funds are still working through the financial system.
However, the dual blow of inflation and high interest rates has raised the costs of food, fuel, rent, and other necessities for many Americans, and increased their monthly payments for credit cards, car loans, mortgages, and other debts. Therefore, household needs and the broader economy are facing difficulties.
"We see a lot of things going downhill, and we don't agree with the idea that consumers are very strong," he said.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Trump's inauguration accelerates the bull market in the US stock market! Wall Street investment bank: Looking at 6600 points on the S&P 500 next year
- Latest consensus on Wall Street: In the Trump 2.0 era, the Federal Reserve may slow down its pace of interest rate cuts
- How will 'Trump 2.0' affect Nvidia? Wall Street consensus: More is good!
- Latest consensus on Wall Street: In the Trump 2.0 era, the Federal Reserve may slow down its pace of interest rate cuts
- 6500 points! Wall Street's' former big bears' firmly bullish on US stocks and provide these investment recommendations
- Will Trump 2.0 lead to a rise in the US stock market? Wall Street analysts warn: macro environment vastly different from eight years ago
- Wall Street is optimistic about Trump's tax cuts: nearly 30% of S&P 500 companies in the US stock market will benefit in the next two years
- Wall Street is bursting with optimism! BMO: S&P 500 is expected to reach 6700 points by the end of next year
- Wall Street investment banks worry that they won't be able to lower interest rates next year, but the Federal Reserve doesn't seem to see it that way
- Wall Street raises Nvidia target price one after another: Blackwell craze is coming!
-
知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
- caffycat
- 昨天 11:18
- 支持
- 反对
- 回复
- 收藏
-
每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
- star8699
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
- goodfriendboy
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
- 3233340
- 昨天 17:06
- 支持
- 反对
- 回复
- 收藏