- A lightning-quick rally in U.S. equities is showing cracks, as investors face mounting evidence that the economy’s coronavirus-fueled woes may be far longer-lasting than many had anticipated.
But recent comments from top officials have undercut the case for a speedy economic recovery even as states ease lockdown restrictions, forcing investors to factor in a protracted downturn that would likely weigh on stocks while fueling flows to bonds and other safe-haven assets.benchmark stock index has edged down about 4% since late April. Equity-focused funds have seen three straight weeks of outflows totaling around $30 billion, analysts at Deutsche Bank said in a report.
Those comments came a day after the nation’s top infectious disease expert, Dr. Anthony Fauci, told Congress that U.S. states lifting sweeping lockdowns could touch off new outbreaks of COVID-19, the respiratory disease caused by the coronavirus, which has killed over 80,000 Americans.
You can't spend what you don't have - unless you're trump. trump borrows, spends & files bankruptcy, cheating those he owes out of the money they lent him. When that's gone, he does it again, & again & again. If I did that, I'd be charged criminally & any assets I owned seized.
Think there was only one person on the planet that truly believed there would be a quick recovery...and we dont even have to name them!
We were only growing at 2% before this. Commonly ignored fact.
to be fair biblical thunder & lightening storm clouds been gathering over WallStreet since March16 but everyone’s scared to look up, saying it won’t rain when really they know it’s the eye of category 5 hurricane that will destroy USMarket economy SSHWS BlackSwan
It didn’t take a brain surgeon to figure that out. As more people die, the more scared people will become. Consumer habits will change. I am sorry but most people will downsize life due to changing habits or due to the fact they can’t afford to contribute.