Market Strategist Suggests FOMO Hasn't Peaked Despite Recent Volatility
Evercore ISI strategist Julian Emanuel highlights that fear of missing out (FOMO) in the market remains moderate, based on a poll showing only 53% of institutional investors expect further gains in the S&P 500 and just 48% view the Philadelphia Semiconductor Index as a buy. Recent volatility has been driven by strong nonfarm payrolls data and disappointing guidance from Broadcom.
Tickers: $AVGO $MRVL $MU $SNDK
Topics: FOMO Philadelphia Semiconductor Index S&P 500 semiconductor stocks SpaceX IPO