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Thursday, June 18, 2020

Is the US Stock Market Overvalued?


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The US stock market participants concentrated on two sides during the COVID-19 pandemic and following massive central banks’ intervention. 

On one side, experienced managers, backed by years-long market performance, warn that the market is way overvalued. On the other side, a new breed of traders, the retail day-traders, meet the market for the first time via fractional shares from brokers like Robinhood. They are the buyers, and their volume is big enough to influence market…

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