USA Today (January 2)
“The post-COVID-19 economy was finally supposed to stop defying gravity and topple into a recession this year.” While “growth is expected to slow… other factors are likely to keep the economy afloat, forecasters say, including near-record home and stock prices, a further easing of inflation to or near the Fed’s 2% goal and the central bank’s tentative plans to cut interest rates more sharply than previously anticipated.”
Tags: Easing, Economy, Fed, Growth, Inflation, Interest, Post-Covid, Rates, Recession, Record, Slow, Stock prices
Financial Times (November 23)
“China’s repeated attempts to tackle its worsening property crisis resemble firework displays — full of light and sound, quickly extinguished. Property stock prices have burst upwards with each new set of government measures to boost the market, only to collapse shortly thereafter. This week’s rally should not differ.”
Tags: Attempts, Boost, Burst, China, Collapse, Crisis, Extinguished, Fireworks, Government, Market, Property, Stock prices, Tackle, Worsening
Institutional Investor (August 29)
“Ever since ChatGPT burst onto the scene last November…so-called “generative AI” has turned the markets on their heads.” Venture capitalists, “coming off the worst year in recent history,” have “redirected their dollars to AI upstarts. Meanwhile, the stock prices of the big tech names suspected to be the major beneficiaries of this often-called ‘revolutionary’ form of artificial intelligence have skyrocketed.” In 2023, “generative AI and machine learning start-ups raised about $39.4 billion.” The massive inflows are creating an ideal environment for fraudsters and critics “are starting to wonder whether the latest technology is really transformational or merely evolutionary.”
Tags: Big tech, ChatGPT, Critics, Evolutionary, Fraudsters, Generative AI, Machine learning, Markets, Revolutionary, Skyrocketed, Start-ups, Stock prices, Technology, Transformational, VC
New York Times (July 25)
“One question is at the top of many investors’ minds: Is the hype around artificial intelligence, which has propelled tech giants’ stock prices sky-high in recent months, justified, or is it another bubble in the making?” At the moment, “Wall Street is deeply divided about the A.I. rally” though this may change as Big Tech reports earnings.
Tags: Artificial intelligence, Bubble, Divided, Earnings, Hype, Investors, Justified, Propelled, Rally, Sky-high, Stock prices, Tech giants, Wall Street
Economic Times (January 23)
Big Tech’s “planned rightsizing is… unlikely to make up for the deep correction in 2022 of technology companies’ stock prices. Earnings estimates for the last quarter of 2022 are grim and Big Tech may have to go in for more job cuts to keep market capitalisation aloft. This could be a theme for the industry in 2023.”
Tags: 2022, 2023, Big tech, Deep correction, Earnings, Estimates, Grim, Job cuts, Market-cap, Rightsizing, Stock prices, Technology, Unlikely
New York Times (July 1)
“There’s an anomaly in an economy that is supposedly running flat out: Many families still haven’t recovered the wealth they lost in the financial collapse…. Despite high stock prices and record home prices, household net worth since 2007 has decreased for all income groups — except the top 10 percent.”
Tags: Anomaly, Economy, Families, Financial collapse, Home prices, Household, Net worth, Stock prices, Wealth
IR Magazine (December 7)
“New CEOs who present their strategy within the first 100 days of their appointment can see stock prices rise by an average of 5.3 percent on presentation day (around $2.8 bn in market value). The average stock price gain for presentations by new CEOs appointed from outside the organization is 9.3 percent (just under $5 bn), and for new CEOs from outside the company’s home industry it’s 12.4 percent (around $6.6 bn).” Despite these impressive results, “only 40 percent of new CEOs present on strategy in their first 200 days.”
Tags: Appointment, CEOs, Industry, Presentation, Stock prices, Strategy
Wall Street Journal (January 27)
“Beijing’s decision to stop propping up stock prices is a positive sign that leaders are getting serious about reforming its markets. The expected appointment of Chongqing Mayor Huang Qifan, one of China’s most prominent free-marketeers, to oversee regulators would restore confidence once the market finds its real floor.”
Tags: Beijing, Chongqing, Confidence, Huang Qifan, Markets, Reform, Regulators, Stock prices
Wall Street Journal (January 11)
“Beijing’s erratic response to the falling yuan and stock prices has exposed policy disarray. But behind the scenes an important debate has been raging over how to revive economic growth that some analysts believe is below 5%.”
Tags: Beijing, China, Disarray, Economic growth, Erratic, Response, Stock prices, Yuan
USA Today (July 30)
“The Chinese government certainly likes to control things. It keeps its currency artificially low to promote exports. It meddles heavily in real estate prices. And it is obsessed with controlling information on the Internet. But nothing has been as jarring to American sensibilities as its recent efforts to prop up stock prices.”
Tags: China, Currency, Exports, Government, Internet, Real estate, Stock prices, U.S.
