Q: Hi team,
Any predictions on when the irrational selling in our favourite growth names will stop? The US government SD ends and the market wants to plummet in what it seems almost all growth stocks, quality names or not. The prediction of the bull continuing to play out does not seem correct lately. Seems like we are in free fall mode. What if any catalysts will bring calm to the markets ?
Any predictions on when the irrational selling in our favourite growth names will stop? The US government SD ends and the market wants to plummet in what it seems almost all growth stocks, quality names or not. The prediction of the bull continuing to play out does not seem correct lately. Seems like we are in free fall mode. What if any catalysts will bring calm to the markets ?
5i Research Answer:
It is always hard to call the bottom, especially when it is more sentiment related, opposed to something related to a specific event. We think we are getting close though and while it is just one company and one quarter, the upcoming NVDA earnings might be something that helps calm investor nerves around the AI spending environment and overall growth views for the economy.