New York City pension chief defends ‘optimistic’ tech valuations
Nycers CIO says stocks are in an ‘investment supercycle’ rather than a bubble, though 10% correction would be ‘welcome’
Nycers CIO says stocks are in an ‘investment supercycle’ rather than a bubble, though 10% correction would be ‘welcome’

Some investors reduce positions or buy protection for their portfolios amid concerns over valuations

Public and private-sector funds concerned over market’s growing concentration in a small number of tech stocks

High costs have created a self-reinforcing exodus of business and workers

Despite fears about what a Mamdani mayoralty might mean, big business continues to invest in the city

Fund managers most optimistic since 2021 despite worries over tech valuations, Bank of America survey shows

Doubts over December interest rate cut from Federal Reserve exacerbate jitters about high valuations