Stock Market Risks Pile Up After Record-Setting Earnings Season
- Shares at record as expectations elevated into second half
- Margin squeeze, China crackdown, Covid-19 all threaten rally
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Delta cases. Inflation. Fed tapering. China’s crackdown. These are among the reasons why investors could soon get more nervous about this stock market.
The S&P 500 hit another record on Friday after Jerome Powell’s dovish taper speech reassured investors. However, the mood seems more cautious compared with a few weeks ago, when companies were in the middle of a record-setting earnings season.