Stocks continue to rally, even as many American cities remain under curfews and are bracing for continued protests.
A looted and boarded up "Best Buy" is seen after a night of protest over the death of an African-American man George Floyd in Minneapolis on June 2, 2020 in New York. City.The great rotation continues, with some of the most down-trodden names leading the market higher: industrials, airlines, financial institutions, and energy companies.
"The market is a forward looking mechanism. They see six months from now, nine months from now there will be more semblance of order. The economy will be coming back, and earnings will be coming back. Estimates have stopped going down," said Steven DeSanctis, Jefferies equity strategist. "You have the full support of the Fed ... the flows into credit markets have been incredible. The capital markets are open. IPOs and secondary offerings are getting done.
Lori Calvasina, chief U.S. equity strategist at RBC, said the protests could become an issue for stocks if they have a significant impact on consumer or business confidence, as the economy is reopening. The market has also been watching but mostly shaking off the growing"We have a giant Fed cycle that looks like it's never going to stop," said Calvasina. "Is the Fed lift powerful enough to offset negative news? They acted with leadership and acted early and were aggressive.
Not one of the “experts” recognized 40 million people are out of work!
The fed.
The little people get crumbs ($1200) and the wealthy get the Fed to bid up the stock market. Cops killing black people is just an excuse to riot and loot. The real reason is brought to you be the federalreserve. Socialism for the rich and Capitalism for the poor.
I'll bite. Because the enemy of the state are being exposed and will be accountable to their acts of sedition and treason. Either way you're fucked since the alternative for the media running dogs is certain death.
Brrrrrrr
Free money 💰 from FED 😂 federalreserve stevenmnuchin1
Buying stock is FUTILE! Soon no workers will be able to buy anything, but food! To pay rent; families will have to live outside or with others. Republicans & Donald are taking millions in donations not to pay workers & Seniors & to destroy higher & lower education. See - Cabinet!
Powell did. FED buy $HYG bond including bankrupted Herz, which gave its execs over 25M bonus; Then transferring $7 trillion debts on US people including kids. The Robbery action of FED looks no violation. But it is more shameless. His grandchildren will spit on his grave.
But we were told that torching a Chase branch would topple corporate America.
Buy bitcoin
because the printed money has to go somewhere.
The answer is the Fed. Your welcome
Because some short covering
Good im caked up with stckkkkss
Because FED is diluting the money of the people and distribute it to people that invest in stocks.
It’s a magic trick and that bubble is going to burst 🧐
A big factor keeping the markets going is the trillions in stimulus from the Fed, other central banks and governments around the world.
the FED nationalized the stock market. They broke it all!
Just listened to kaj33 Lakers on CNBC. I have kept quite on what’s going on, and only sent one tweet. However, I would like to point out one thing foxnewstalk. A couple months ago, I was vocal on the death penalty for Nathaniel Woods (and got push back). However, the...
Keep pumping out the same bullshit. No one believes it.
Interest rates at near zero is one reason.
Hmm yes... what ever could be the reason?
Hyperinflation coming soon to a town near you!!!
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Source: CNBC - 🏆 12. / 72 Read more »