FILE PHOTO: A trader wearing a mask reacts at the closing bell, on the first day of in person trading since the closure during the outbreak of the coronavirus disease on the floor at the New York Stock Exchange in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid/File Photo
The May 12-27 Reuters polls of over 250 analysts across Asia, Europe and the Americas, showed predictions broadly focused on economies and businesses swiftly reopening from lockdown, with 11 of the 17 indexes expected to rise from here by end-year. That disconnect between what equity markets are pricing in and economic prospects is coming under closer scrutiny.
“But macro weakness is also important, as after a major employment shock and a possible COVID-19 second wave, consumers may be slow to recover globally. The Fed has indicated a very slow recovery,” he said. While 2021 was projected to be better for stocks than this year, only four indexes were forecast to recover 2020’s lost ground and 16 were not expected to reclaim pre-pandemic peaks until at least 2022.
Jan.1, 2019 stock market started at 23,346. Today it's 25, 675 How can this be the worse year in decades? Is Reuters trying to lie more than FAKE NEWS CNN? Get your facts CORRECT.
What a shocking STORY
Dammit Obama.
Stocks? It's turning out to be the worst year for people in a century
Love to see it. Replace it with the stalk exchange
Wall Street got trillions in free money from the feds, money that goes on the debt of our kids. Now they will take that free money, declare bankruptcy and walk away from their debts to restart again fresh and will get more fed money.
Good. It better be. Atrocious to see the ultrawealthy getting richer from the rest of us dying.
Polls and models are proving more & more WORTHLESS
Good to see the bears are still alive.
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