Wall Street’s ‘crystal ball’ shatters as stocks stage big rally

Wall Street’s ‘crystal ball’ shatters as stocks stage big rally
(Image: Bloomberg)
Bloomberg
By Alexandra Semenova (Bloomberg) -- As the trillion-dollar AI rally gathers pace, pity the humans on Wall Street trying to figure out this gravity-defying market.With the S&P 500 Index staging an improbable 16% advance this year, being both bearish and wrong is making life awkward for the people paid to predict where equities will go next. After being blindsided by the resilience of the US economy thus far, humility is the order of the day for the sell-side pros who remain at loggerheads on what’s ahead.Goldman Sachs Group Inc&r...

More Bloomberg

Firm wants to make purchasing cannabis super easy
Retail

Firm wants to make purchasing cannabis super easy

Verano invites shoppers to grab a basket and get their pot direct off the shelf.

Bloomberg 29 Jun 2025
Iran-Israel conflict spreads to hacks on banks, crypto
Bloomberg

Iran-Israel conflict spreads to hacks on banks, crypto

Pro-Israel hackers announced a new breach targeting an Iranian crypto exchange.

Bloomberg 19 Jun 2025
Here are the 10 best hotels in the world
The Life

Here are the 10 best hotels in the world

Its top 10 list consists entirely of tied scores for the top prize.

Bloomberg 15 Jun 2025
Afghan refugees should be treated same as South Africans
Bloomberg Opinion

Afghan refugees should be treated same as South Africans

The greater outrage is the suspension of a refugee programme that is so badly needed.

Bloomberg 17 May 2025