How much longer can this greed-fueled rally last? - News Summed Up

How much longer can this greed-fueled rally last?


You can sign up right hereNew York (CNN Business) Is the stocks rally turning into a bubble? Consider the evidence: The S&P 500 and Nasdaq are not far from record highs. AndCEO Jamie Dimon said in a recent interview with CNN's Christine Romans that the market surge does not reflect the harsh economic reality many people face. Profits for the companies in the S&P 500 plunged nearly 34% in the second quarter, according to FactSet analyst Marc Evans. He wrote in a recent report that the S&P 500 may be as much as 10% overvalued right now.


Source: CNN August 16, 2020 12:59 UTC



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