The article discusses the current state of the stock market, highlighting a strong recovery from prior lows while cautioning against a potential summer sell-off. Analysts are divided, with some suggesting the market could continue to rise, while others recommend a careful approach as indexes approach previous highs. Additionally, the piece touches on economic indicators that suggest unlikely rate cuts in the near future and notes the booming utility sector driven by high electricity demand from data centers, which significantly impact global electricity consumption.
The recent stock market recovery has been impressive, but analysts are urging caution as a potential summer sell-off looms amidst profit-taking on Wall Street.
Despite calls for rate cuts from the President, the solid economic data suggests that easing measures will not happen before fall, according to market analysts.
Utility stocks have surged to the highest levels in years, reflecting strong demand for electricity as data centers continue to consume increasing amounts of power.
Data centers are a significant part of global electricity consumption, with estimates showing they accounted for about 1% of global demand in 2020, likely more today.
Collection
[
|
...
]