A stock trader wearing a mask walks near social distancing signs the day a new IPO is launched at the New York Stock Exchange as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 27, 2020 in New York City. The fourth phase allows outdoor arts and entertainment, sporting events without fans and media production.
This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.Finally a real flush. The selective correction hitting only the over-excited growth stocks that "had it coming" has broadened to sweep up the broader list and hit the recovery plays. Profit-taking has spread to loss-avoidance against a news backdrop that feels like "too many hazards to process all at once.
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S&P 500 paces for worst September since 2011. Here are the three groups one strategist would be buyingValue stocks, small caps and international equities are poised to go higher in the intermediate term as choppy trading overtakes the broader market, says Steve Chiavarone of Federated Hermes. *****NEWSFLASH****** ANYBODY WITH A PULSE CAN SEE THE IMPEEDING STOCK MARKET CRASH IS INEVITABLE! LOOK FOR IT TO HAPPEN BEFORE THE ELECTION! THIS IS SOMETHING THE DEEP STATE CONNECT WILL TRY TO USE TO DISCREDIT PRES. TRUMP AT THE POLLS IN A LAST DITCH ATTEMPT TO STEAL PRESIDENCY! SILVER, GOLD, PALLADIUM, PLATINUM WILL CONTINUE TO RISE. BASICALLY, THE DOLLAR IS ABOUT TO COLLAPSE! SURPRISING, IT MADE IT THIS FAR! THANKS FEDERAL RESERVE! GO PRINT SOME MORE MONEY! THAT HAS ALWAYS BEEN YOUR ANSWER! NOW WE ARE GOING TO HAVE TO PAY! GET READY FOR THE FALLOUT!!!! The subject interviewed references a vaccine available in the 1st quarter of next year which is a different timetable than what the CDC Director gave in his testimony of 3rd quarter. Furthermore most Americans don’t trust the rushed process and political pressure from Trump.
Source: CNBC - 🏆 12. / 72 Read more »