On Feb. 27, Michael Gayed called for a double-digit drop on the S&P 500. He followed that timely prediction in March with a forecast for a melt-up in stocks at the end of the month. He backed up that outlook in an interview with Bloomberg radio.
“ ‘This feels like a home construction project. It’s going to cost more money and take longer than any estimates.’ ” “Reflation bets are increasing everywhere, and oil printing a negative price in the face of that suggests there is a very real feeling that global central banks and governments will stop at nothing to counter the deflationary forces of staying at home,” Gayed said. “Factually, inflation expectations have been rising alongside food prices due to supply-chain issues. Combined with unlimited QE, which in the past has caused yields to rise, it looks like bonds collapse first before stocks.
iframe.twitter-tweet { width: 100% !important; } Ultimately, Gayed expects to see yields spike as they did prior to the 1987 crash.
BuY sToNkS
I don’t know which fools are making the headlines. The selloff is starting and you fools post misleading stuff about best week? What’s wrong with you guys
QTweather After the crash of 1929, it took 8 months for the market to crash again, and it had gains nearly that entire time, after every crash was several weeks of gains, yet that entire time the market was averaging down. It took nearly 3 years to hit bottom, and that was with no virus.
FED
jimcramer face is something awesome
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