Dow futures sink 600 points as market pullback continues, airline and retail shares decline

Stocks which stand to benefit the most from a successful reopening led the losses in premarket trading. Carnival and Royal Caribbean cruise lines each lost more than 5%. United Airlines lost 6%. Retailers Kohl's and Gap declined. These types of stocks surged in May as investors bet that the worst of the virus was over.resurgence in the virusThe Dow and S&P 500 lost 5.5% and 4.7% last week, respectively, while the Nasdaq shed 2.3%.

"The Covid deterioration in certain states will stay an overhang for the market, although it would take a sustained increase in US numbers overall to spark a dramatic shift in the narrative," Vital Knowledge founder Adam Crisafulli said in a note on Sunday.

Due to Fed actions the dangerous gap between the Financial markets and real economy is widening. the Overdose situation is being happened for the Financials of USA and also for entire world. EMs are gonna feel worse these awful actions' results

Until humans realize that government and economics must be separated, just like church and state, and for the same fundamental reason, nothing will get better. The poverty. The conflict. The chaos. The economic ruin. It will all get worse. Wake up.

I wonder how long the economic puppeteers will cling to their philosopher-king illusions. How bad will it need to get, before they become intellectually honest with themselves? Say “statism doesn’t work.”

The Fed was always a destructor, the public just never knew. 98% of the country doesn’t remotely understand how the financial system works, nor any rational economics, so they actually thought this Ponzi Scheme was helping them.

Who will the Trump administration trot out today to talk up the market? Or more vaccine news? Or a new multi-trillion dollar stimulus plan?

The mirage is struggling to hold its form. Print more.....issue more debt.....that will help......

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European stocks and U.S. futures slump on fears over rising infectionsShares in Europe slumped on Monday on concern over rising coronavirus infections just as many countries begin opening up after lockdowns. Yea screw this 😬
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

5 things to know before the stock market opens MondayDow futures fell sharply Monday on concerns about spikes in coronavirus cases as states continue to reopen their economies. Forget 5 points it's just down to brass tacs bottoms out Try to time the asset bubble burst, getting out, and into gold, right before it happens. That’s the only trick here. Good luck. It won’t be easy, the system is a gyrating chaos of manipulation, with no telling when the first main pipe gives way.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Analysts' view: Market jitters over second COVID-19 wave are an overdue pullbackA second straight day of record new coronavirus cases in Beijing and a spike in infections across a swathe of the United States has dented investor sentiment and sent stocks sharply lower on Monday. 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. VoteTrumpOut2020
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »