Analysts' view: Market jitters over second COVID-19 wave are an overdue pullback

FILE PHOTO: A man crosses a nearly deserted Fulton Street in the financial district in lower Manhattan during the outbreak of the coronavirus disease in New York City, New York, U.S., April 3, 2020. REUTERS/Mike Segar

“It’s unrealistic for the markets to factor in a V-shaped recovery, look at the Chinese numbers today ... retail sales are still down.”“The fall is heavier in South Korea today because second-wave concerns added to the escalating of tensions with North Korea. North Korea made it clear its next step will be taken by the military, so there’s certainly heightened geopolitical risks.

“The market had run up sharply since hitting a low in March and that was based on a lot of optimism about the economy. But now investors are getting a reality check. Markets are now realising the COVID situation is not under control yet.”“Markets have ignored the number of new cases and rallied until now because everyone jumped on the economic recovery bandwagon. Now positions are so long that people are more likely to react to negative news, like what is happening in Beijing.

“These past few trading days, when there were uncertainties around the epidemic, the dollar index has been bouncing back. That means pressure on the Asian currencies. Capital may leave Asia for the U.S., that is negative for Asian markets.”“Usually after such a long run, there’s a pause. There’s a lot we don’t know about the virus itself, and the market is grappling with that uncertainty. But we are now better prepared. We know what sensible things to do.

امیر قربانی: «Arresting and Overwhelming the Terrorists by General Qassem Soleimani's Comrades» را در YouTube تماشا کنید «Who is Ali ibn Abi Talib?» را در YouTube تماشا کنید

VoteTrumpOut2020

The roller coaster continues. Perhaps we should focus on other matters than the current schizophrenia of the stock market? After all, it doesn’t reflect the true economy.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street's best-performing analysts like these 5 stocks right now amid the market turmoilYour weekend brief: Wall Street's best-performing analysts like these 5 stocks right now amid the market turmoil Thank you Mr President 45🇺🇸 🦅 WHO warns : coronavirus PANDEMIC it's just a beginning !! Trust us, the worst is yet ahead of us...
Source: CNBC - 🏆 12. / 72 Read more »

Beijing district in 'wartime emergency' after virus spike shuts marketThe people who tested positive had visited the Xinfadi market. Concern is growing of a second wave of the coronavirus pandemic, even in many countries that seemed to have curbed its spread.
Source: trtworld - 🏆 101. / 63 Read more »

Stock market crash: Valuations suggest a 66% drop and fragile recovery - 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. Look for a flyer design please contact- He's right. The Fed will eventually lose control and then all hell will break loose. Wall St is the investor class created when the FED wont let stupid people fail. The FED shovels unlimited cash to these idiots to be lost over and over again while creative, brilliant wage earners either figure out how to make a dollar out of 65 cents or die with no help.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Chart showing how the coronavirus pandemic has hit the labor market - 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.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Beijing closes market, locks down area in new virus outbreakBeijing's largest wholesale food market is closed behind police guard and the surrounding neighborhood locked down after more than 50 people tested positive for the coronavirus. The capital had gone more than 50 days with no local reported cases. Just a reminder, you can get 'bat' on a take out order still, don't panic yet Ethiopia is property/business of vagabond Amhara & Tigre!! Professor Aman Tolla Hamda
Source: AP - 🏆 728. / 51 Read more »