As 2021 approaches, watch out for a Y2K-style stock-market correction, says strategist

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 97%

مصر أخبار أخبار

As 2021 approaches, watch out for a Y2K-style stock-market correction, says strategist
مصر أحدث الأخبار,مصر عناوين

Investors need to brace for a bumpy start to 2021 if we close out the year with stock-market records, this strategist says. 'Investors need a reminder that even during major bull market runs, one can see significant setbacks.'

Welcome to the last trading week of 2020, a year we can’t see the back of fast enough. Stocks are higher after President Donald Trump signed that $900 billion stimulus bill, despite 11th hour demands for bigger relief checks.

“Market historians looking back to another incredible year—1999—in which the S&P 500 closed the year at a new all-time high, will recall that the initial few days of the year 2000 saw a vicious correction. Yes, times were different, and the focus then was on Y2K and the concentrated bubble of the time, but investors need a reminder that even during major bull market runs, one can see significant setbacks,” Hardy said, in a note to clients that published Monday.

Alibaba BABA, +0.34% 9988, -7.98% upped its stock buyback program from $6 billion to $10 billion, but shares of the e-commerce giant fell nearly 8% in Hong Kong, continuing to suffer from an antitrust probe by Chinese regulators. Over the weekend, authorities also demanded online finance platform Ant Group, of which Alibaba owns a 33% stake, clean up its business and present a plan for that, after suspending its stock debut last month.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

MarketWatch /  🏆 3. in EG
 

When reporting a strategist forecast, would be of utmost importance to know how was his performance during the last 3 years. Thanks

JEYJXBHRJXJEUFBNHRTJCNFEUGDHCNHRDUJFJGWYJXNVSJFJHRIJDBMH368476573379577360000

wow

مصر أحدث الأخبار, مصر عناوين