Friday, June 26, 2020

Be cautious as fundamentals are weak and valuations seem expensive: Siddhartha Khemka

Siddhartha Khemka While the momentum may continue in the near term, one should be cautious going ahead as the fundamentals continue to be weak and valuations seem to be expensive at around 21x FY20 P/E.

from Moneycontrol Market Outlook https://ift.tt/2Za4qsT

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...