Hot Money Chasing Growth Stocks
In recent years, a key bright light for the hedge-fund industry has dimmed as stocks of technology and other fast-growing companies have sold off, resulting in substantial losses for some big investors.
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Greenlight Capital Stages A Comeback
Greenlight Capital saw a return 36.6% for 2022 thanks to its strategy of shorting overpriced technology stocks. The Nasdaq Composite index, which is heavily weighted toward technology, fell 33%.
World Defies Turbulence
Despite a historic surge in tariffs this year, the global economy has demonstrated an unexpected strength, confounding predictions of a sharp slowdown.
The Consumer Rules the World
The United States retains a powerful edge in the global economy for one simple reason: it consumes.
A Broad Rally
In recent weeks, several under-the-radar sectors have been propelling the stock market higher, setting the stage for a test of their resilience. The S&P 500 has gained 21% this year, with tech giants and their AI ambitions fueling the first-half surge.