This is an important development for the US stock market, and things may not be looking good for Wall Street at the moment.
Are Peter Hargreaves’ recent activities warning of a possible US stock market crash?
Peter Hargreaves, who is also worth billions of dollars, has seen the returns of his Blue Whale Growth Fund double since it was set up in 2017, according to the report. However, this is the same person who is currently taking cautious steps due to the overhype of AI and could cause a massive crash in the US stock market in the coming days.
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What’s more, the U.S. stock market continues to be in a bull market, fueled primarily by technology stocks, whose market capitalization has been on the rise and has no prospects of falling in recent months. But if things get too exaggerated, there is a strong possibility that the U.S. stock market will collapse, and with it, stock indexes such as the S&P 500, which is backed by some of the Magnificent Seven stocks.
FAQ:
What are the Magnificent 7 stocks?
The Magnificent Seven stocks are a group of seven high-performing assets that include Alphabet, Amazon, Meta Platforms, and more. Has the US stock market crashed?
No, the U.S. stock market hasn’t crashed in a while; in fact, it’s been in a huge bull market for the better part of the last two years.
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