Broad selling in Nvidia rout was ‘irrational’, Howard Marks says

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Financial Times 1d ago

Broad selling in Nvidia rout was ‘irrational’, Howard Marks says - Financial Times

Quick Summary:

In it, he said there was an “overwhelming” case for “an overheated, speculative market in technology, internet and telecommunications stocks”.

Marks’ perspective is closely watched on Wall Street primarily through his sporadic client memos, which have garnered a wide following.

But Marks told attendees there was far less certainty under Trump and many of the policies the new administration was pushing were “in conflict with each other”.“I don’t know if the members of the administration can predict what they’re going to do a year from now.