Optimism seems to be breaking out everywhere, judging by comments over the weekend. "The worst may be over for the stock market," said Barron's Andrew Bary, noting that the Dow Jones Industrial Average is only down 5.5% for the year, and it closed Friday at its highest level since April. As everyone knows, the Dow is price-weighted. This year, seven of the top 10 highest priced stocks are up for the year; only three are down.
"US Corporates demand [for buybacks] is increasing ahead of 1% tax changes," said Scott Rubner from Goldman Sachs' global markets division in a recent note to clients, referring to a 1% tax on buybacks that was recently signed into law. But November and December is also the strongest season for stock buybacks. According to Goldman, 21% of corporate buybacks are executed in November and December.
BobPisani MRNA ain't solving this. Common sense and letting ppl make their own decisions. China saying no to MRNA says all you need to know.
BobPisani So your positive about the market so am I , I'm positive CyberMonday sales are low , market drop and hyperinflation is here