Day traders have driven stock-market euphoria to an 18-year high\, boosting the odds of a downturn in the next year to over 70%\, Citi says

Day traders have driven stock-market euphoria to an 18-year high, boosting the odds of a downturn in the next year to over 70%, Citi says

Business Insider Wednesday, 10 June 2020 ()
Day traders have driven stock-market euphoria to an 18-year high, boosting the odds of a downturn in the next year to over 70%, Citi says· *Day traders have helped to drive stock-market euphoria to an 18-year high, raising the odds of a market downturn in the next year to over 70%, Citi strategists said last week.*
· *"These new participants have exploded arguably speculative buying which has goosed up the numbers of Nasdaq shares traded," which feeds into...
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News video: Jim Cramer Is Watching Bank of America and IBM Earnings Next Week

Jim Cramer Is Watching Bank of America and IBM Earnings Next Week 01:06

 TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer is keeping a close eye on financial results from Bank of America (BAC) and International Business Machines (IBM) next week. Analysts expect the Charlotte-based bank to post earnings per share of $0.26 on sales of $19.86 billion for fourth...