Tesla in Right Place at Right Time as Stock Investors Look Past Risk_老虎社区_美港股上老虎

Tesla in Right Place at Right Time as Stock Investors Look Past Risk

Bloomberg2022-03-23

A rally in Tesla Inc. on Tuesday shows how eager investors are to look past a litany of risks -- from war in Ukraine to rising interest rates to slowing growth -- and bet on stock market winners.Tesla...

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Vikkilai
·2022-03-23
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Samwich
·2022-03-23
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AdrinaChow
·2022-03-23
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hu1250
·2022-03-23
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But the electric-vehicle maker was hardly alone. Strong performances by automakers, retailers Etsy Inc. and Nike Inc. and travel related-companies such as Wynn Resorts Ltd. and Booking Holdings Inc. also helped drive the group. Meme stocks also made a reappearance, with GameStop Corp soaring 31%.The outperformance comes against the backdrop of an ongoing bloodbath U.S. Treasuries, where yields on 10-year bonds are the highest since May 2019. And it’s happening in defiance of the Federal Reserve’s aggressive rate-hike regime aimed at clamping down on the fastest rate of inflation in 40 years.“Many investors have reverted to full-on FOMO, certainly not caring about the gloomy message being sent by the bond market,” said Steve Sosnick, chief strategist at Interactive Brokers. “Is Amazon or Tesla suddenly worth 20-25% more than they were two weeks ago? Or GameStop worth 30% more today than yesterday? 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