These are the 3 big risks to the stock market, economist says [CNBC]
Morgan Stanley (MS)
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Source: CNBC
The three “primary” ones are Federal Reserve policy, a surprise recession and lower-than-expected results on companies' earnings, David Rosenberg, founder and president of economic consulting firm Rosenberg Research & Associates, said Wednesday at CNBC's Financial Advisor Summit The S&P 500 and tech-heavy Nasdaq indices closed at record highs on Tuesday. The U.S. stock indices are up about 11% each so far in 2024, as of about 3 p.m. ET on Wednesday. Nvidia , an artificial-intelligence chip maker, has played a big role in driving the stock market higher, market analysts said at the FA Summit. The company, a “poster child for generative AI writ large,” was “singlehandedly responsible for the last leg of this bull market,” Rosenberg said. It's up 90% in 2024 alone, as of about 3 p.m. ET on Wednesday. Nvidia is “certainly a poster child” for stock-market sentiment waxing more positive, Brandon Yarckin, COO of Universa Investments, said at the FA Summit. Here's a look at other s
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