"This is one of those rallies that not only has taken people by surprise but continues to roll, and we're seeing major gap-ups. ... We're seeing major gap-ups in the morning — highly unusual. 1980s action ... We've got some incredible breadth. We have a Fed that is completely on the side of the bulls. We have a president who wants new highs. We have stocks that are recovering well ahead of the fundamentals, but some people could say, "That's what should happen." ..
Jonathan Golub, U.S. equity strategist at Credit Suisse, says the comparisons are favorable for the market. "All of what I would call the sequential data, the stuff that's coming out — let's say the jobs report versus the last jobs report, or the miles driven or retail sales and comparing it to what happened last — they're going to look off-the-charts great and you're going to see improvement everywhere. And I think that that's going to give a near-term additional boost. The reality, though, is you have to ask a different question.
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Source: CNBC - 🏆 12. / 72 Read more »
Asian stocks hug three-month highs after surprise U.S. jobs recovery, oil ticks upAsia shares advanced on Monday after a surprise recovery in U.S. employment lifted hopes of a quicker global economic revival after many weeks of lockdowns aimed at controlling the coronavirus pandemic. USA! USA! USA! Bull run will continue for sometime as Asian stocks are still cheap and attractive😎 God bless Trump
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European stocks open lower after strong rally last weekEuropean stocks slipped at the open on Monday, reversing after a huge rally last week. The German DAX undefined fell 1.1% and the U.K. FTSE 100 undefined...
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Stock market live updates: Futures jump, airline stocks up, S&P down 1% this yearA conversation on the latest market-moving news. The mere fact that any markets are up amidst such social unrest, economic hardship & worldwide pandemic tells us that the markets literally have nothing to do with 99% of us. There are NO successful black nations in the world. Any country that has majority black rulers also has the worlds highest rates of poverty, violence and poorest of quality of living standards. It is truly sickening hearing losers advocating DEBT spending for a failed cause. Another huge week. Not to late to jump in. Still another 20-30% gain ahead with almost zero downside risk. Put everything you have and can borrow into the market now and clean up. Easiest chance to make money in my lifetime.
Source: CNBC - 🏆 12. / 72 Read more »