In fact, if you take a stroll down memory lane, at the beginning of the coronavirus-induced fallout, Pal was early in his appraisal, saying "One stock bear market, a double-digit unemployment reading, and a 30%-plus annualized drop in GDP later, and it doesn't seem like a stretch to say his evaluation was sufficient.
"I'm extremely concerned by the potential for this to unravel rather fast, because, as you know, everybody's one side of the boat — and that side is V-shaped recovery and growth," he said in a recent. "When large parts of the market, including the truthfulness of the bond market, is whispering at you ' Hey, that's not right; they're all going bust."
Given the stock market's torrid recovery from multiyear lows back within shouting distance of record highs, Pal sees equities currently being set up in the same manner.This is where the rubber meets the road, and when markets have to face the underlying economic reality associated with pandemic, which has caused a contraction in global growth.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
nice
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside a Amazon arbitrageurs group where members sell $100K in goods - Business InsiderPeople are quitting their jobs to make thousands selling everyday items on Amazon. Here's a look inside one exclusive resale group, where members have sold over $400,000 worth of good since May.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US stocks edge lower as stimulus talks stagnate and virus cases spike | Markets InsiderI hate these stupid stock photos they always use for the trading floor. Like why does the specialist care so much? He doesn’t have any skin in the game obviously. And who cares about specialists anymore anyways? Are they even operating the real trading floor anymore 😂
Source: BusinessInsider - 🏆 729. / 51 Read more »
Top advertising and marketing pros who are on the market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
10 companies that P&G could acquire, according to experts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. wow
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tech stocks are 'disaster waiting to happen,' investor Bill Smead says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »