Lates News

Goldman Sachs' head of asset allocation research, Muller-Glisman, believes that the recent sell-off in technology stocks is a healthy correction. He pointed out that speculative positions in the industry had increased prior to this, and that a certain degree of consolidation may not necessarily be a bad thing. Following Broadcom's lower-than-expected performance outlook, Muller-Glisman warned against extrapolating highly cyclical results from the technology hardware and semiconductor industries. In his view, the biggest threat to the stock market currently is investors starting to doubt the strong profit growth that has been driving most of the market's gains so far this year. At the same time, Muller-Glisman mentioned that the potential reopening of the Hormuz Strait could help extend the market's rebound from AI-related stocks to European and bond assets.