It’s getting a lot harder to chase the stock rally from here on
Don’t get too greedy. That’s the chorus from many investors who are entering the second half of the year with double-digit stock gains already under their belts.
By Jan-Patrick Barnert and Ksenia Galouchko / Bloomberg
Global equities have decoupled from a worsening economic backdrop after rising about 13% in 2023, prompting warnings from some of the world’s top money managers that chasing the rally from here on is a risky move. Growing corporate profit warnings are also driving home the message.
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