Reported about 13 hours ago
As stocks reach record highs, Wall Street strategists caution that the optimism may signal potential risks. Citi's Chris Montagu highlights increased buying among smaller companies, leading to fragility in the market. With the Nasdaq surging nearly 46% since April, concerns about profit-taking and high valuations persist. Analysts warn that overly confident investors may face difficulties as market concentrations rise, with many viewing the current environment as speculative and greedy, suggesting a pullback could be imminent.
Source: YAHOO