Gold 10 data, July 3 news, Morgan Asset Management's chief global market strategist David Kelly said that if the market does not experience a market crash similar to what investors experienced in 2022, the huge influence of technology giants on the US stock market may continue. Kelly and other Wall Street professionals predict that the profit growth of the S&P 500 index will expand by the end of the year, not limited to technology giants. However, in his view, this may not be enough to eliminate the huge performance gap between these mega-cap stocks and other components of the US benchmark stock index. Kelly said this means that only when market sentiment is severely hit can the trend of funds flowing into large-cap technology stocks be hindered. For example, two years ago, technology stocks were suppressed by the Fed's large-scale policy tightening and fell more than the broader market.
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Morgan Asset Management strategist: Sadece ayı piyasası şoku teknoloji hisselerinin gücünü alt üst edebilir.
Gold 10 data, July 3 news, Morgan Asset Management's chief global market strategist David Kelly said that if the market does not experience a market crash similar to what investors experienced in 2022, the huge influence of technology giants on the US stock market may continue. Kelly and other Wall Street professionals predict that the profit growth of the S&P 500 index will expand by the end of the year, not limited to technology giants. However, in his view, this may not be enough to eliminate the huge performance gap between these mega-cap stocks and other components of the US benchmark stock index. Kelly said this means that only when market sentiment is severely hit can the trend of funds flowing into large-cap technology stocks be hindered. For example, two years ago, technology stocks were suppressed by the Fed's large-scale policy tightening and fell more than the broader market.