Will Global Market Sell-Off Dethrone U.S. Stocks' 2024 Leadership?

Aug. 05, 2024 10:45 AM ET, , , , , , , , , , , , ,
James Picerno
6.73K Followers
(4min)

Summary

  • The selling that roiled global markets late last week looks set to continue on Monday.
  • Triggered by weaker-than-expected news for the US labor market, the surge in risk-off sentiment took a bite out of the high-flying market for American shares.
  • In the current climate, however, that premium suggests US shares are still vulnerable to a period of “normalizing” performance comparisons.

Crystal ball, descending line graph and share prices

Adam Gault

The selling that roiled global markets late last week looks set to continue on Monday. Triggered by weaker-than-expected news for the US labor market, the surge in risk-off sentiment took a bite out of the high-flying market for American

This article was written by

James Picerno
6.73K Followers
James Picerno is the director of analytics at The Milwaukee Co., a wealth manager that is the adviser to The Brinsmere Funds, a pair of global asset allocation ETFs. He also edits CapitalSpectator.com and The US Business Cycle Research Report (CapitalSpectator.com/premium-research). He is the author of three books, including "Quantitative Investment Portfolio Analytics In R: An Introduction To R For Modeling Portfolio Risk and Return." Previously he was a financial journalist at Bloomberg and before that at Dow Jones.

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