Strong earnings offset valuation concerns

LiveWire11-13

Last week reminded us that shares really do fall as well as rise. This week, an apparent truce in a long-running US government funding stand-off means the glass once again looks half full. Tech wobble...

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This week, an apparent truce in a long-running US government funding stand-off means the glass once again looks half full.\nTech wobble...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/strong-earnings-offset-valuation-concerns\">Source Link</a>\n\n</div>\n","source":"livewire_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Strong earnings offset valuation concerns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStrong earnings offset valuation concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-13 05:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/strong-earnings-offset-valuation-concerns><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week reminded us that shares really do fall as well as rise. This week, an apparent truce in a long-running US government funding stand-off means the glass once again looks half full.\nTech wobble...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/strong-earnings-offset-valuation-concerns\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDU","symbol_name":"2倍做多NVDA ETF-Direxion","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/strong-earnings-offset-valuation-concerns","article_id":"2583300676","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/strong-earnings-offset-valuation-concerns","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2583300676","pubTimestamp":1762983808,"columns":[],"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"Last week reminded us that shares really do fall as well as rise. This week, an apparent truce in a long-running US government funding stand-off means the glass once again looks half full.The latter stages of a bull market are often characterised by heightened volatility. So last week’s 3% fall in the US’s tech-heavy Nasdaq, after six months of strong gains, was not a huge surprise. But, after a buoyant past few months, it came as an unpleasant reminder that bull markets are never a straight line.Worries about tech valuations have been heightened by early signs of deteriorating consumer sentiment. The University of Michigan index fell to a three-year low in November, adding weight to concerns that the US economy is splitting along wealth lines. The richest are benefiting from a buoyant stock market while the poorest are suffering from a persistent cost-of-living crisis.Full year forecasts now stand at about 11.5% growth. And the good news is not restricted to the US. Earnings in the re","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVDU":"2倍做多NVDA ETF-Direxion","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","BK4532":"文艺复兴科技持仓","USJW.SI":"ALPHAB 3xLongSG261006","QID":"两倍做空纳斯达克指数ETF-ProShares","NVDX":"2倍做多NVDA ETF-T-Rex","NVDA":"英伟达","NVD":"2倍做空NVDA ETF-GraniteShares","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","NVDY":"NVDA期权收益策略ETF-YieldMax","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU0823414478.USD":"法巴经典能源转换基金","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","2NVD.UK":"2X NVIDIA ETP","TQQQ":"纳指三倍做多ETF","NVDD":"1倍做空NVDA ETF-Direxion","SG9999001424.SGD":"United E-Commerce Fund SGD","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H",".IXIC":"NASDAQ Composite","PSQ":"做空纳斯达克100指数ETF-ProShares","LU0861579265.USD":"联博低波幅策略股票基金A","NVIW.SI":"NVDA 3xLongSG261006","NVD2.UK":"2X NVIDIA ETP","SQQQ":"纳指三倍做空ETF","META":"Meta Platforms, Inc.","BK4613":"AI应用软件","SNVD.UK":"LS -1X NVIDIA","NVD3.UK":"LS 3X NVIDIA","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4612":"AI芯片","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","3NVD.UK":"LS 3X NVIDIA","USAW.SI":"AMZN 3xLongSG261006","NVDS.UK":"LS -1X NVIDIA","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","QLD":"2倍做多纳斯达克100指数ETF-ProShares","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","NVDS":"1.5倍做空NVDA ETF-Tradr","TSYW.SI":"TESLA 3xLongSG261006"},"translate_title":"强劲的盈利抵消了估值担忧","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVD3.UK":0.6,"3NVD.UK":0.6,"NVD":0.6,"PSQ":0.6,"TQQQ":0.6,"TSYW.SI":0.6,"NVDU":0.6,"MNQmain":0.6,"USJW.SI":0.6,"2NVD.UK":0.6,"USAW.SI":0.6,"QID":0.6,"NVDS":0.6,".IXIC":0.89,"SNVD.UK":0.6,"NVIW.SI":0.6,"NVDA":1,"QLD":0.6,"NVD2.UK":0.6,"SQQQ":0.6,"NVDD":0.6,"NVDS.UK":0.6,"NVDX":0.6,"NQmain":0.6,"NVDY":0.6,"META":1},"content_text":"Last week reminded us that shares really do fall as well as rise. This week, an apparent truce in a long-running US government funding stand-off means the glass once again looks half full.\nTech wobble\nThe latter stages of a bull market are often characterised by heightened volatility. So last week’s 3% fall in the US’s tech-heavy Nasdaq, after six months of strong gains, was not a huge surprise. But, after a buoyant past few months, it came as an unpleasant reminder that bull markets are never a straight line.\nThe fall in the US market was driven by its biggest, most artificial intelligence (AI)-focused stocks, including Nvidia (NASDAQ: NVDA), Meta (NASDAQ: META), Palantir (NASDAQ: PLTR) and Oracle (NASDAQ: ORCL). The top eight lost US$800bn in value as investors fretted about high valuations, heavy expenditure that may or may not earn a decent return in due course, and the growth of debt-funding with echoes of both the dot.com bubble and financial crisis.\nWorries about tech valuations have been heightened by early signs of deteriorating consumer sentiment. The University of Michigan index fell to a three-year low in November, adding weight to concerns that the US economy is splitting along wealth lines. The richest are benefiting from a buoyant stock market while the poorest are suffering from a persistent cost-of-living crisis.\nUncle Sam re-opens for business\nThe tech wobble was unrelated to a month-long government shut down in Washington. But it was accentuated by an unclear economic backdrop as limited data has made investors nervous that the labour market may be weakening more than expected.\nOver the weekend, however, eight Democrats crossed party lines to endorse a compromise plan that keeps the government funded until the end of January. It’s no way to run the world’s biggest economy, but resolution of the stand-off means investors can stop guessing what’s happening on the ground.\nMonday saw an immediate relief rally around the world. Korea’s Kospi, hit hard by last week’s retreat, bounced back by 3%. Shares in Hong Kong and Japan also rose. And that fed through into a bounce back in Europe and expectations for a stabilisation on Wall Street.\nEarnings continue to deliver\nWith more clarity on the economic data front, investors can also take at face value the stronger than expected profits growth that the July to September quarter has so far delivered. Having started results season with a 7% growth forecast, it now looks likely that the third quarter will actually deliver around twice as much.\nEarnings usually do better than initial expectations but the scale of outperformance this time is unusual. It suggests that companies are coping much better than feared with the post-tariff trading environment.\nFull year forecasts now stand at about 11.5% growth. And the good news is not restricted to the US. Earnings in the rest of the world are improving too. And that has helped fuel outperformance by non-US stock markets. The gap is wider than at any time since 2017.\nPriced for perfection?\nKnowing what the right valuation for markets should be is an inexact science. And the mixed messages in markets today make it harder than ever. Clearly a lot is riding on hopes for AI. But if the new technology is a game-changer, it arguably needs to be, with valuations higher than at any time since the late-1990s internet boom.\nThe good news is that talk of a bubble still looks premature. The gap between the valuation of the top 50 S&P 500 companies and the other 450 remains narrow. Between 1998 and 2000 the valuation of the top 50 doubled while the rest stood still. Sentiment also looks less stretched this time around.\nWhere next for the Bank of England?\nThe focus on the economic front this week is the UK: labour stats on Tuesday and GDP data later in the week. Both will give the UK a useful guide to where the Bank of England (BoE) might go next.\nLast week, it left interest rates unchanged at 4% but Governor Andrew Bailey hinted that further disinflationary signs might persuade the monetary policy committee to resume the year-long easing cycle.\nWith unemployment expected to edge higher to 4.9% and wage growth modestly in retreat to 4.6%, GDP growth expected to fall from 0.3% to 0.2% and a possible income tax hike in a couple of weeks at the Budget, the BoE may soon have the ammunition it needs to pull the trigger on a December rate cut.\nNever miss an insight\nStay up to date with all my latest Livewire content by clicking 'follow' below.\nPlease note that the views expressed in this article are my own.\n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2583300676","isCrawlerRequest":true}