Reported about 1 year ago
The stock market is seeing record highs driven by frenzied investors focusing on tech stocks like Apple, Amazon, and Tesla. However, this bull market comes with risks as Federal Reserve Chairman Jerome Powell's testimony, inflation reports, and the start of the second-quarter earnings season loom. The market is showing signs of being overbought, especially in tech sectors, leading to concerns about a potential pullback. Large tech companies dominate the S&P 500, contributing to a market frenzy reminiscent of previous market crashes, such as the dot-com bust. While market corrections are anticipated, a full-blown recession is not likely. Market watchers will closely monitor upcoming economic reports and earnings releases to gauge the market's future trajectory.
Source: YAHOO