As Wall Street weighs the risks still facing stocks, here's what three market watchers predict will come next:Barry Knapp, managing partner at Ironsides Macroeconomics, laid out his strategy for the second half of 2020:
"It's still early in the business cycle. We've been saying that all along. March 23 was the start of a new business cycle from an investor perspective, so, I wouldn't make the switch from cyclical names to defensive names, but I would raise some cash levels here and look for a bit of weakness to redeploy that cash for a year-end rally. That's how I would tactically think about the next few months.
"If you remember anything from this quarter … it's about [being] less bad. That's the way I think the portfolio management team is looking at it. [For] the S&P, this is going to be the worst quarter. And … at earnings of $22 plus for this quarter itself on the S&P, that's equivalent to what we saw in the second quarter of June of 2010.
"The market has been telling you something that's really important. Technicals are really strong, which means to reverse it, you need a very big shock. I look at three possible – I want to say these are possible, these are risks to the scenario – sources of shocks. One is cumulative bankruptcies, because capital impairments hurt investors. Two is a big policy mistake. We don't renew some of the relief measures, for example.
TradingNation Virus Survivors Could Suffer Severe Health Effects for Years ['
TradingNation Pence Warns of Young People Testing Positive as Hot Spots Worsen ['
TradingNation After 239 scientists send their letters to the World Health Organisation saying the coronavirus is dangerously airborne, WHO finally say that the coronavirus might be airborne!!!
TradingNation OpenLearning is the only online learning platform in the world that is interactive❤ASX STOCK:$OLL
TradingNation OpenLearning is a online learning platform that works and is the only online learning platform in the world that is interactive for our👩💻❤👨💻children and young adults that will help their safety👨💻❤and future👩💻ASX STOCK:$OLL
TradingNation Nothing to with that but you know, journalism. Panic we need panic...
TradingNation Great picture.... Stocks are lower....BY ORDER OF THE PEAKY BLINDERS!!!
TradingNation I thought pussy crumbled amid tax returns disclosure ruling by SCOTUS
TradingNation I'm not concerned
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: CNBC - 🏆 12. / 72 Lire la suite »
La source: THR - 🏆 411. / 53 Lire la suite »
La source: WSJ - 🏆 98. / 63 Lire la suite »
La source: MarketWatch - 🏆 3. / 97 Lire la suite »
La source: Forbes - 🏆 394. / 53 Lire la suite »
La source: CNBC - 🏆 12. / 72 Lire la suite »