"FOMO" Is Dead. Welcome to the "OMO" Stock Market
FOMO, or the "fear of missing out," is a well-known social-media phenomenon. Now, one investment strategist says she is OMO -- "OK missing out" -- when it comes to this year's stock market rally because she's nervous about earnings and how high prices have gotten."You need growth to surprise to the upside," Biel says. "If not, high multiples can get compressed, and that can happen quickly. Investors will run for the exits.". And growth is what corporations need to deliver when they report first-quarter earnings and guidance for the rest of the year.It's put up or shut up time. Anthony Saglimbene, chief market strategist at Ameriprise Financial, says he's unsure whether consumers and corporate customers can continue to spend enough to support broader earnings growth. Overall inflation may be receding -- or not -- but many Americans still fee