Excuses / Reasons to Sell? Concerns about the huge weight of the stock market are overflowing on Monday.
The political turmoil following the death of Supreme Court Judge Ruth Bader Ginsberg has raised concerns among global banks about the money-laundering scandal, the second wave of COVID-19 concerns, and the U.S. Has been citing allegations of delays for badly needed financial stimulus.
Ours Call of the day There is some good news from Deutsche Bank and not very good news for some investors. As always, good first.
“As QA approaches, we estimate that the level of global gross domestic product is about half that of its pre-virus level, and we now see that the tour will be completed by the middle of next year, a quarter earlier. Our previous forecast, ”said a team led by Peter Hooper, the global head of economic research, in the bank’s recently released World Outlook Update.
Hooper expects the pace of recovery to slow as the virus spreads during the winter months, especially before the U.S. election. Withholding the financial package. But once summer arrives, the team expects the start of a comprehensive vaccination, which will help capture the flock’s immunity and accelerate recovery.
Assuming the vaccine is successful, the team says three-quarters of the world’s population could be vaccinated by mid-2023.
Hopper expects the virus to leave permanent marks, such as permanent hits in the hospitality industry and automation as jobs are permanently cut off, meaning a full recovery of the economy will never happen before Covid-19.
Beyond the negatives outlined above, Deutsche Bank strategists will also see the financial crisis driven by “rising valuations of assets and rising levels of debt”, and large monetary and monetary policy stimulus efforts.
Hooper and the team said the past has faced a financial crisis in the past, with the inevitable shift from policy easing to policy tightening, which may be at least several years, but may come as a surprise sooner.
They remain cautious on equities and other risk assets due to the valuation, reiterating the S&P 500 SPX at the end of the year,
con, target of ૨ 550, just below consent. He warns that politics is also a bigger threat than some count.
“We’ve seen significant risks of not getting a quick and clear resolution for the general election this time around, which is probably an unprecedented share of the mail-in ballot and delays in the counting of votes that are likely to be contested,” Hooper said.
Markets
U.S. Stock futures YM100,
ES00,
NQ00,
European equities are in red, with SXP,
In Asian markets, Hong Kong’s Hang Seng Index did not have much session with HSI.
Loss of 1.5%. Oil cl.1,
Is also under pressure.
Humming
Banks are disgusted after the release of reports of suspicious activity, BuzzFeed said, showing that banks have been deliberately releasing money over the years, with પ્રશ્ 2 trillion in transactions in question. The big US banks are also mentioned.
Trevor Milton, executive chairman of electric-truck manufacturer Nicola NKLA,
“Has voluntarily resigned.” The company has been battling short-seller allegations of misleading investors, citing a related investigation by the Justice Department and securities regulators. Shares are tumbling in the premarket.
Goldham Sachs Aerospace Groups Boeing B.A. Added,
And Raytheon Technologies RTX,
Its recognition on the purchase list, when L3 Harris Technologies removed LHX,
And Lockheed Martin LMT,
Shares of software group Oracle ORCL,
It is on the rise after President Donald Trump “blessed” the proposed deal between him and retailer Walmart WMT.
Chinese-owned application ticket okna U.S. For operation.
Badly struck again by COVID-19, Madrid saw protests over the weekend due to selective lockdown in the region and in the city, while the UK is also considering a new lockdown. Micros MS FT MSFT,
Co-founder Bill Gates says the Trump administration exacerbated the epidemic with its travel ban earlier this year.
Democratic presidential candidate Joe Biden has joined a pair of Republican senators in a bid to finally fill Ginsberg’s Supreme Court seat after the November election.
Reads randomly
“Welcome to the epidemic!” Awards host Jimmy Fallon does his best on an empty stage in Los Angeles.
Another 2020 concern? The “super pig” went wild.
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