Wang Ying | Xinhua News Agency | Getty ImagesWith data on employment and consumer spending showing that the United States economy may have already bottomed, it is time for a new group of stocks to lead the way, according to Bank of America.
"We expect a cyclical rebound following containment of COVID-19 and an exit from the 'downturn/recession' phase of our Regime Indicator given pent up demand and a resumption of normal economic activity," the note said.
Pro The recovery?
Pro But they predicted square to lose half its businesses 🤔 I'd think their is some correlation.. no?
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:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
There's a 'disconnect' with bank stocks and they should climb higher, top analyst saysWells Fargo's Mike Mayo said on 'Fast Money' that bank stocks can climb higher still after a strong week for the sector. that's crap. their barely suriving even with all the Fed. stimulus money. Key graph in story, a.k.a “burying the lede: “In a note released Monday, Mayo wrote that investor feedback to Wells Fargo since last week’s call to raise price targets indicated a willingness by clients to take larger positions in bank stocks.” First Housing , now it's auto loans ! What next ?
Source: CNBC - 🏆 12. / 72 Read more »
As Japan Inc battles coronavirus, cash and bank deposits rise at record pace in MayJapan's money stock, or currency in circulation and bank deposits, rose at the fastest annual pace on record in May as companies hoarded cash to guard against slumping sales from the coronavirus pandemic, central bank data showed on Tuesday. If there are foreigners investigating Japan's national finance, they can understand how Japan's financial failure and the Abe administration's tax embezzlement are damaging society. .. they know somthing, we don't? .. I was the only one who saw j balvin on that picture?... 😅... that's crazy!
Source: Reuters - 🏆 2. / 97 Read more »