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Stock impact report

Has Wall Street peaked too early this year?: McGeever [Reuters]

HSBC Holdings, plc. (HSBC) 
US:NYSE Investor Relations: hsbc.com/investor-relations
Company Research Source: Reuters
potentially higher earnings and interest rate hurdles in the second half of the year if investors' bullish expectations are to be met. The U.S. exceptionalism narrative is alive and well - a strong economy, the artificial intelligence (AI) revolution and fat corporate profits - which optimists will say is reason enough to buy any dip in the event of any more corrections. Investors are overwhelmingly positioned for that narrative to continue delivering this year, but Wall Street may have peaked too early. The S&P 500 index (.SPX) New Tab , opens new tab retreated 5.5% from its all-time high of 5,264.85 points on March 28 to last Friday, a mini-correction spanning 22 days. In terms of depth and length, it was a mild decline, the index was still up on a year-to-date basis, and is rebounding. But it must be remembered that the March 28 peak was the culmination of an explosive 30% rally over the preceding five months, propelled by an even more frenzied surge in a handful of mega Show less Read more
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