From Nasdaq:

In a daily roundup, Nasdaq’s IR team and various sources discuss market trends. Piper Sandler notes the talk of mega caps and bubbles, with impressive performance but need for earnings breadth. Goldman Sachs points to equity market concentration risk and geopolitical concerns. Flows favor ETFs, GDP history, and key takeaways from Oppenheimer Asset Management are mentioned. Private equity groups face challenges with unsold companies worth $3tn. Markets close lower, yields fluctuate close to 4%, and economic resilience shadows concerns. Key data releases coming up include US CPI and retail sales. Big tech no longer sole driver of market gains as Magnificent 7 stocks hold value, Japan’s economy avoids recession, and China’s housing market faces pressure. Bitcoin hits record high, US budget plan raises campaign stakes, and TSMC secures grants for US chip plant. Notable industry moves include eToro considering NY IPO and airlines grappling with Boeing delays. Oil market sees bearish bets cut, strong demand growth forecasts, and emerging geopolitical concerns.



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