“ “I think we have a second tranche and that is very reminiscent of what happened in the 1930s, where people appreciate the depth of this recession and the disruption and how long it will take to recover.” “ That’s A. Gary Shilling, a longtime economist and president of A. …
Read More »Wall Street Stock Market Outlook Stuns CNBC Host Joe Kernen
“ ‘People are woefully underinvested. There are $ 5 trillion in money market funds. So I think the markets are going up. I think they are going up much more than people think. We can stop here for a while … but I think you’ll get a rocket in the …
Read More »Dow futures are up 400 points to start the week, led by a surge in China markets
US stock index futures rose sharply early Monday to begin the first full week of trading in July, with investors linking at least part of the uptrend emanating from Wall Street to a powerful rebound in China. However, Monday’s optimism in the market contrasts with a continued rise in coronavirus …
Read More »Increase nearly 400 points after strong job report despite record rise in new daily coronavirus cases
US stocks rose on Thursday as investors digested a stronger-than-expected monthly employment report amid a growing number of new cases of coronavirus. The US financial markets will be closed on Friday and the bond market will close an hour earlier at 2 pm ET on Thursday, and the Independence Day …
Read More »Why stock market strategists have never been more confused in June about year-end prospects for stocks
It has been the best and worst time for US equities benchmarks in the past two quarters, and that is perhaps the reason why Wall Street analysts face their most perplexing challenge yet. The Dow Jones Industrial Average DJIA, + 0.84% and the S&P 500 SPX, + 1.54% According to …
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