By Barbara Kollmeyer
Critical information for the U.S. trading day
The S&P 500 looks ready try for another record, despite disappointment from Tesla, with those shares careening lower in premarket.
Investors will have to wait until next week to hear from the rest of the Magnificent Seven tech stocks like Microsoft (MSFT), Alphabet (GOOGL) and Apple (AAPL). But it’s not like this group of stocks hasn’t had a robust start to the year.
Still, some may be wondering if U.S. stocks are just a bit too expensive right now when investors can get a 4%-plus yield from 10-year Treasurys. In our call of the day, Joachim Klement, head of strategy at London-based Liberum Capital, sticks up for stocks.
First, he explains why investors might think the opposite. “If you look at the 7-year return forecasts of GMO below, you could be forgiven if you decided to sell all your U.S. stocks and hold just U.S. bonds,”…
