Stock-market’s rally threatened by shroud of uncertainty as fresh coronavirus threats to economic recovery emerge

The stock-market’s ability to chug steadily higher despite uncertainty about how the economic recovery might shape up, and when the U.S. will bring the COVID-19 pandemic under control in all 50 states, is making some investors nervous.

In addition, the U.S. Congress approved the largest economic stimulus package in history which is forecast to increase the fiscal deficit to about $3.7 trillion or 18% of gross domestic product this year, according to the Congressional Budget Office.Meanwhile, a round of better-than-expected U.S. economic data recently suggested a recovery is already on the way, helping the stock-market bulls overcome the naysayers, for now.

As a result, Apple Inc. AAPL, -0.57% said Friday it would re-close 11 stores in Florida, the Carolinas, and Arizona starting on Saturday and the Cruise Lines International Association announced a voluntary suspension of operations from U.S. ports until Sept. 15, leading to a lower close for U.S. stocks on Friday.

Uncertainties still loom as a result, said State Street’s Loh, who worries that though pent-up demand could see consumers opening up their wallets in the short term, it was unclear if a rebound in spending could be sustained if a large swathe of the population still chooses to stay indoors and hold back consumption over fears they may catch the virus.

Who cares? So you want to stop economic stimulus because you have a 'chicken shit feeling' about the market? Go away. We need permanent UBI for all, and let the market soar. Why would you want bad things all the time? Where is your brain located?

Lots of warnings about the US equities 'bubble' but when it will burst, given the Fed is standing by to keep it inflated until employment and economic growth reach 'normal' levels.

What are they normally standing on?

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.

Stock market crash: 30-year investing vet explains imminent bubble pop - 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. How about intruducing a bill to stop cut money in half to nsa cia fbi dea..have the drugs stopped? Did 911 get prevented did oklahoma get stoped did we find weapons of mass destruction?school and infrastructure.nobody gives a shit about the bubble. lemme guess... he's a short seller? Of course: the Fed & those keeping the markets afloat now will tank it for Biden. Proves the point how corrupt and detached the market is from the actual economy. 40 million people out of work and we’re still in positive territory. Crazy.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market crash: Retail trading 'zombie' bubble to pop despite Fed - 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. Go short! I must say this bear missed the rally and now regretting.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The ‘Single Greatest Predictor of Future Stock Market Returns’ has a message for us from 2030The stock market’s 10-year return potential is better now than it was at the end of 2019 for reasons having nothing to do with the development of a COVID-19 vaccine. The improvement traces to a lowering in the share of household assets invested in stocks. Crazy wishful thinking, Feels like a drug pusher. Absolute utter fucking charlatan permabullshit Nah, it's all Fed's extraordinary steps.
Source: MarketWatch - 🏆 3. / 97 Read more »