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'This Is As Good As It Gets': Meb Faber
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Tech stocks rallied on Monday, driven by Amazon's $38 billion deal with OpenAI, with the S&P 500 hovering near 6,860. Meb Faber, CIO at Cambria Investment Management, believes this is the peak for stocks, citing investor nervousness about recommending foreign markets. The 'Magnificent Seven' gauge rose 1.5%.
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Tech stocks rallied on Monday as Amazon’s $38 billion deal with OpenAI added fuel to the artificial-intelligence trade. The S&P 500 hovered near 6,860, with a gauge of the “Magnificent Seven” up 1.5%. Meb Faber, CIO and co-founder at Cambria Investment Management, says "this is as good as it gets for stocks". He says though that countries outside the US that are performing, investors are just nervous to make the recommendation. Faber speaks to Katie Greifeld, Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ". (Source: Bloomberg)
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Summary
Tech stocks rallied on Monday, driven by Amazon's $38 billion deal with OpenAI, with the S&P 500 hovering near 6,860. Meb Faber, CIO at Cambria Investment Management, believes this is the peak for stocks, citing investor nervousness about recommending foreign markets. The 'Magnificent Seven' gauge rose 1.5%.
Market Context
Market impact analysis based on bearish sentiment with 80% confidence.
Original article published by
Bloomberg
on November 3, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.