Equity investors wobble as value fears rise despite Reddit rocket

By Sam Kerr
28 Jan 2021

US equity markets suffered their worst single day since October on Wednesday, as equity investors reacted to growing concerns over stock valuations and fears of Covid-19 vaccine disappointment. Equity capital markets bankers hope that investor sentiment will hold for new deals, even if global markets take a turn for the worse. Sam Kerr reports.

The S&P 500 fell by 2.57% on Wednesday and the Nasdaq 100 by 2.8%. While these sorts of daily moves are nothing too alarming in themselves, equity bankers and investors worry they are an early manifestation of long-held fears that equities are overvalued.

These fears are being accentuated ...

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