With quarterly earnings reports coming up the focus of equity investors will be on guidance for the rest of the year forward. But while growth will be critical to further stock gains investors may be underestimating a far bigger risk to performance – multiple contraction.
Many analysts believe that the only way to reconcile the immediate energy needs of an ever growing global population and curb carbon emissions at the same time is to turn to nuclear power.
One of the best performing sectors in the equity market is the Philadelphia Semiconductor Index known as the SOXX. Typically the sector is very prone to boom and bust cycles as the surge in demand leads to overbuilding of foundries and flood of supply
Bitcoin was down more than 8% in overnight trade hitting a low of 38,500 after Chinese regulators directed banks and financial payment firms not to offer clients any services involving cryptocurrency including currency exchanges, registration, trading, clearing and settlement.