Market Expert Ruchir Sharma says that the stock market's momentum looks likely to sputter in 2025 and that it could falter as investors grow wary of the US's mounting debt problems. The Rockefeller International chairman said he believed the US stock market could soon underperform global peers, breaking a long-running trend of US outperformance, he wrote in an op-ed article for the Financial Times.
Over the next year the top stocks in the US could underperform the global market by about 10% — reflecting a much worse performance than in 2024, when the top US stocks outperformed the market by about 20%, Sharma estimated.
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«Momentum investing looks poised to crash in a way that could hit many investors hard,» Sharma wrote. Speaking to CNBC later on Monday, Sharma pointed to signs that the trend of US outperformance looked unsustainable.
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