Why an IPO ‘meltup’ could signal future trouble for the stock market

MarketWatch2020-12-21

Evidence of the type of confidence that can eventually prove ‘problematic’: RenMac Red-hot initial public offerings may offer another sign of froth in a rallying stock market that saw all three major ...

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marcgiggs
·2020-12-22
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All three new listings fell after their pop. C3.ai bounced back and is trading above its debut price.\nThe S&P 500 remains up more than 14% for the year to date, while the Dow Jones Industrial Average is up 5.7%.\nThe Nasdaq Composite is up more than 40% for the year, reflecting stunning gains for large-cap technology and internet-related stocks that have been seen as beneficiaries of the work-from-home environment during the pandemic.\nMore recently, previously neglected stock sectors have shone as investors looked past a renewed surge in COVID-19 cases to cheer progress toward vaccines and prospects for another yet-to-be-completed package of economic relief from Congress. The small-cap Russell 2000,up 19% year to date, has outpaced its large-cap counterparts in recent months.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":330698216,"gmtCreate":1608598099435,"gmtModify":1704975423286,"author":{"id":"3563590672067064","authorId":"3563590672067064","name":"marcgiggs","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3563590672067064","idStr":"3563590672067064"},"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/330698216","repostId":1198049789,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":9,"commentSize":1,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}