Rise of US equities explained by FOMO and TINA with predictions of further gains.

From Investing.com: 2024-10-21 01:00:39

FOMO and TINA acronyms explain the rise of U.S. equities, with the S&P 500 hitting 47 record highs this year. The S&P 500 and Nasdaq are up over 20%, outperforming global stocks. Despite high valuations, strong U.S. economic data and corporate profits suggest further gains, with Goldman Sachs predicting S&P 500 reaching 6000 points.

While U.S. equities are expensive, investors fear underperforming benchmarks due to ‘FOMU’. Despite potential mean reversion, history shows bull markets can last for years. Foreign investors hold a record 18% of the U.S. equity market, and the U.S. share of global equity market cap is at a record high 72%.



Read more at Investing.com: US equity bears are no match for FOMO + TINA: McGeever By Reuters