The main US stock market index S&P 500, which measures the development of share prices of the largest US corporations, has gained approximately 20 percent since the beginning of the year. The purely technological indicator Nasdaq 100 even strengthened by more than 40 percent. Both key indexes are close to previous records from the turn of 2021 and 2022. And in both cases, the main drivers are shares of large technology companies. However, one American investor warns of a big drop and that the current bullish, i.e. rising, market will “end in tears”.
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