{"id":21938,"date":"2024-05-31T21:31:20","date_gmt":"2024-05-31T21:31:20","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/05\/31\/shilling-fads-fueling-market-even-as-growth-slows\/"},"modified":"2024-05-31T21:31:20","modified_gmt":"2024-05-31T21:31:20","slug":"shilling-fads-fueling-market-even-as-growth-slows","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/05\/31\/shilling-fads-fueling-market-even-as-growth-slows\/","title":{"rendered":"Shilling: &#8216;Fads&#8217; Fueling Market, Even as Growth Slows"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/898130567\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2024\/03\/Shilling-Gary-Illustrated-640x640.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2024\/03\/Shilling-Gary-Illustrated-640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"first-para\"><span>U.S. stocks are being supported by speculation, as equities linked to artificial intelligence and other \u201cfads,\u201d including Nvidia, support the market amid sliding economic growth, according to A. Gary Shilling.<\/span><\/p>\n<p><span>Among&nbsp;Shilling\u2019s five investment themes, the investment advisor and economist continues to recommend investors \u201cavoid vastly overpriced speculative stocks such as the Magnificent Seven, AI, SPACs, Nvidia and crypto securities.\u201d<\/span><\/p>\n<p><span>Nvidia and the other high-powered Magnificent Seven growth stocks have&nbsp;<\/span><span>risen 20.2% this year, Shilling noted. The S&amp;P 500 is up more than 9% year to date, but only 7% without these seven stocks, he said.<\/span><\/p>\n<p><span>\u201cWith the Nvidia craze, investors are saying that the rest of stocks and the economy are trash. But recall the rise and fall of EVs, green energy, ESG and social investing and other recent fads,\u201d Shilling said in his June \u201cInsight\u201d newsletter, released Friday.<\/span><\/p>\n<p><span>Fads in financial markets \u201care still rampant,\u201d Shilling said.<\/span><\/p>\n<p><span>\u201cSome will continue to disappear without a trace, except for huge losses by gullible,&nbsp;<\/span><span>overenthusiastic investors. Others will probably survive after excruciating industry consolidation and losses,\u201d Shilling wrote.&nbsp;<\/span><\/p>\n<p><span>\u201cIt\u2019s clear that the bloom is off the rose for electric vehicles, green energy, ESG investments, social investing, stay-at-home spending and the Everything Rally. Only AI and the Magnificent Seven are still standing.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stocks are being supported by speculation, as equities linked to artificial intelligence and other \u201cfads,\u201d including Nvidia, support the market amid sliding economic growth, according to A. Gary Shilling. Among&nbsp;Shilling\u2019s five investment themes,&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":21939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/06\/shilling-fads-fueling-market-even-as-growth-slows.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21938"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21938"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/21939"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}