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Europe instead of the US is currently the advice of the experts. Three stocks are particularly suitable for this swing, with plenty of room for improvement.
Where would the capital market be without the ultra-lax monetary policy of central banks, especially the US Fed? It is true that the question is a bit idle, because anyway the answer is sad. Therefore, one can only agree with Robert Halver, the capital market analyst at Baader Bank, who says: “Stocks will never have a better friend than the Fed.”
But the Fed is not all-powerful either. At the very least, you don’t want to be solely responsible for crisis management. Fed Chairman Jerome Powell made it clear this week that in light of the crown crisis, the key interest rate would appear to remain at the zero line for years. But he reiterated his view that the state should increase financial support.
That leaves the ball in the hands of the Republican government. But he has the November presidential election on his ears and has to fight with Democrats for an economic stimulus package. These are not good conditions for the winter quarter, which is otherwise one of the best on the stock market.
It is no wonder then that the stock markets have lost value since the middle of the week. Anyway, they haven’t breathed much for a month or two. And in the US, the correction in early September was so strong that no recovery has even begun to date.
It’s hard to disagree with what Bill Gross, co-founder of the investment firm Pimco, told Bloomberg the other day: Much, if not all, of the fiscal stimulus that helped boost stock prices and cut stocks. interest rates are over. “Almost everywhere in the world there is little money to be made, whether there is a Covid-19 vaccine or not.”
