FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri
While the latest findings were slightly more upbeat than those taken three months ago, the outlook for stock markets from Asia to Europe to Americas has limited upside, if any, on weak corporate earnings and economic worries.“Equity markets rebounded ... as this higher starting point represents a mismatch between equity prices and fundamentals, we expect this divergence to be gradually reflected in prices,” noted Monica Defend, global head of research at Amundi Asset Management.
“Our view that equity prices will rise further is underpinned by our forecast that the global economy will continue to recover, even if more slowly and unevenly than during its initial bounce-back over the past few months, and that ample policy support will remain in place for as long as it is needed,” said Simona Gambarini, markets economist at Capital Economics.
This isn't gonna go well. There is no way this is a realistic market.
Confirming that the financial elite are removed from main st economic misery. Money printer goes “brrrr”
As your favorite perverted grandpa would say, 'Come on man!'. You know this all depends on whether Trump is elected or not. You might be a communist, but you know that Trump's re-election means it skyrockets. And Biden's election means it dives.
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Source: CNBC - 🏆 12. / 72 Read more »