Pru: Big Tech Is Now "Defensive" In Uncertain Times
Tech stocks were going strong even before COVID-19, but behavioral shifts during the pandemic have lifted the sector further into the stratosphere.
Tech stocks were going strong even before COVID-19, but behavioral shifts during the pandemic have lifted the sector further into the stratosphere.
The Federal Reserve’s campaign to bolster the bond market is only postponing an inevitable collapse of many corporate issuers, the bond king says.
Nobel prize-winning economist Robert Shiller says a second wave of COVID-19 could cause more damage to the national psyche than the first outbreak.
Second-quarter results, set for release next week, will probably show that the trends that took hold at the start of the year only intensified.
Each of these phases reveals a puzzling association with the news, as the lagged market reaction is filtered through investor reactions and stories.
Palihapitiya argued that by putting that money directly in the hands of consumers, it would result in increased spending of those excess dollars.
Following the so-called “smart money” based on the program’s recommendations doesn’t produce profits for investors over the longer term.