NewsWatch: This strategist says investors are in the ‘forest of make believe’ when it comes to growth stocks

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MARKETWATCH FRONT PAGE

Our call of the day, from Nordea’s Sebastien Galy, says the mad rush for tech stocks is going to end in pain for some investors. See full story.

Congress won’t pass a new stimulus package, and that will crush the S&P 500

Investors are too optimistic about more fiscal help given the rancorous political climate ahead of the November elections. See full story.

Home prices could fall in cities across the U.S. as Americans sour on urban living, says famed economist Robert Shiller

See full story.

Big Tech’s latest reckoning is coming as it continues to rack up record valuations

The steep ascent of Big Tech, which is fueling a resurgent stock market despite a deepening pandemic, underscores the enduring power of the industry as consumption of it escalates in a work-from-home economy. See full story.

Queen Elizabeth II sells gin made from leaves found at Buckingham Palace after tourist revenues crash

Royal Collection Trust, a department of the Royal Household, launched a premium small-batch London dry gin for sale in its shops on Monday, infused with bay and mulberry leaves found in her back garden. See full story.

MARKETWATCH PERSONAL FINANCE

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