The real bull market—not the U.S. | Wilnesh News

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S&P hits record 37th
this S&P 500 Index closure Breaking through 5,600 for the first time Thursday before Inflation data, which could provide evidence for a rate cut. The index rose for the seventh consecutive session and hit its 37th closing high this year. this Nasdaq Index It also hit a record high. this Dow Jones Industrial Average An increase of 258 points. Chip stocks were among the winners, with Advanced Micro Devices It has since risen nearly 4% Agree to acquire Silo AI. Industry leader Nvidia jumped up apple The seventh consecutive all-time high. 10-Year Treasury Bond Yield Ministry of Finance slipped and fell at the same time US oil prices rose for OPEC forecasts strong demand. You can read more What to expect from the inflation report here.

Archygos Huang Guilty
Founder of Archegos Capital Management Bill Hwang found guilty of fraud and other charges Selected by a Manhattan jury. Prosecutors allege Hwang and his deputy, Patrick Harrigan, lied to banks to obtain billions of dollars to boost stock prices. Argogos collapses 2021. They face up to 20 years in prison on each conviction.

Google ‘abandons deal’
pivot pointof Share price plummeted 12% Bloomberg reported that letter The software company will not be acquired. The news comes amid increasing regulatory scrutiny of proposed big tech acquisitions, including Amazon and Microsoft. The acquisition of HubSpot, which specializes in marketing automation software for small and medium-sized businesses, will increase Google’s business software revenue and diversify Alphabet’s product portfolio.

Tesla Meme Stock
Renowned investor and Pimco co-founder Bill Gross believes in Elon Musk Tesla act like speculative behavior of retail investors. “Tesla is behaving like a meme stock — fundamentals are slipping and price is skyrocketing,” the former chief investment officer and co-founder of Pimco said in a post Tuesday afternoon. “But There seems to be a new meme stock popping up every other day now. Most are pump-and-sell. Tesla has gained 11 consecutive days and is up 44% since June 24.

Japan’s Nikkei hits new high
Japan’s Nikkei 225 Index Breaking through the 42,000 mark for the first time Markets in the Asia-Pacific region rose. The broader Topix gained 0.78%. this Taiwan Weighted Index also hit a record high, including British Semiconductor after it Reports strong second-quarter revenue growth. Korean Cospi It rose as the central bank kept interest rates unchanged. Governor Lee Chang-dy reportedly said now is the time Get ready for interest rate cuts. Australian S&P/ASX 200 Index Just one step away from Hong Kong’s all-time high Hang Seng Index The CSI 300 Index rose 1.5%, and the CSI 300 Index rose nearly 1%.

(PRO) Global Artificial Intelligence Stocks
Despite accounting for only 14% of the market capitalization of the MSCI All Country World Index, stocks related to artificial intelligence contributed to half of the gains. Citi analysts have Identifying undervalued global artificial intelligence stocks The potential remains untapped as profit forecasts improve but valuations stagnate.

The S&P 500 hit a record high for the 37th time. That may sound impressive, but the market is moving higher on the back of a handful of large-cap stocks. However, there’s another market that’s in the midst of a broad-based bull run – accelerating higher 17 of the 27 trading days in June hit record highs.

India’s Benchmark NSE Nifty 50 It’s up nearly 12% this year. Not to be outdone, India’s S&P BSE Sensex has surged nearly 11% so far this year.

“India is a completely unique case on its own,” Ruchi SharmaRockefeller International chairman told CNBC. “This is the most expensive market in the world today. This is a country that has a real bull market, even compared to the United States. The breadth of the bull market in India is what you usually see in a bull market – everything is going up there, Small and mid-cap stocks performed better than large-cap stocks.

this indian election This appears to be nothing more than a blip on the radar – Prime Minister Narendra Modi’s continuity and prospects for economic growth are already providing strong momentum to the market. Although, Modi’s recent visit to Moscow has caused concern in Western countries as they try to shore up a Aligned with Russian President Vladimir Putin.

“I wouldn’t say geopolitics is the main risk for emerging market investors,” Sharma said. “In fact, if anything, I think we’ll look back at history when the U.S. used the weaponization of the U.S. dollar to do so in an unprecedented way. The move to impose sanctions on Russia has triggered countries to try to find their own alliances and try to reduce their dependence on the U.S. dollar.

“That’s why the price gold The performance has been so good that central banks around the world are buying gold in record amounts. I think emerging markets outside of India are very cheap.

Back on Wall Street, the S&P climbed above 5,600 for the first time — Nvidia, apple and Tesla Large-cap stocks continue their unstoppable rally. Many investors are wondering whether other stocks will stage a comeback.

“yes mean reversion Sharma asked.

— CNBC’s Jeff Cox, Brian Evans, Samantha Subin, Yun Li, Arjun Kharpal, Alex Harring, Spencer Kimball, Jesse Pound and Lim Hui Jie contributed to this report.