NY to ZH – the daily reporting from New York at the start of the US stock exchange.
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Presented by Swissquote
With the S&P at a record level, the beginning of a new bull market is proclaimed on Wall Street. Fund managers expect companies to see a global recovery in earnings over the next twelve months, according to a survey by Bank of America.
A third of the fund managers surveyed consider gold to be overvalued, the highest rate since 2011. In the middle of the week, the robust quarterly figures for the retail sector provide a boost. In addition, investors are waiting for Nvidia’s results after trading has ended.
