Kim Bolton's Top Picks: ServiceNow, Upstart Holdings Inc., Fiverr International
July’s stock market price action reflected the latest market narrative, which is all about “peak growth”. This buzz phrase discusses the rate of change in corporate earnings, gross domestic product, stock prices, government and central bank stimulus, and inflation. It’s the trend that matters for investors, as well as the outlook toward a deceleration on several of these fronts.
The bottom line is, there are a number of legitimate catalysts for a continued melt-up in the stock market, and particularly the technology arena, balanced by number of equally legitimate catalysts supporting a bearish case for equity markets.