A rally for technology and Chinese stocks has provided recent fuel for markets to keep rising and shake off concern around climbing U.S. COVID-19 cases. But pandemic worries may return on Thursday, as the daily deaths show signs of rising in the U.S., alongside a record jump in cases and the highest testing rate in a month.
What to do? “After that 41% moonshot for equities, I don’t think this is a market you should chase, it’s also not a market that should be aggressively sold, because of all the liquidity that’s piled up. It comes down to don’t fight the Fed, but don’t chase this market,” said Donabedian. “One approach for the long-term investor is to step back and view this market like an investor rather than a short-term trader, and that leads you to some conclusions about which parts of the market are likely to be more portfolio over time,” said Donabedian.
The market Dow YM00, -0.05%, S&P ES00, +0.14% and Nasdaq NQ00, +0.63% are mixed, while European stocks SXXP, +0.45% are up. Asia had a mostly bullish day, with China’s CSI 300 000300, +1.39% up 1%, now up over 9% for the week.
Strategist🤔
So anothetherwards don’t buy or sell, got it!
The market is a sham right now; has no grounding in reality.
legallybae legallybae it's actualy agressively*
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A president Trump or Biden doesn't matter to the stock market, just invest for the next 20 years: strategistKeep an on the very long-term when it comes to investing, says this veteran strategist. Bidenbluewave20 vpkamelaharris The market likes certainty and you will get more of that with Biden than Trump SAFETY FIRST‼️ NONE OF US CAN AFFORD TO TRUST TRUMP TO PROTECT OUR WELL-BEING & RIGHTS FOR 4 MORE YEARS. HIS TRACK RECORD PROVES IT‼️ ON TRUMP’s WATCH: COVID (136K DEAD, 42M NEED JOBS), 19K LIES & RUSSIA. HE CAN’T EVER BE BELIEVED/TRUSTED cc Scaramucci
Source: YahooNews - 🏆 380. / 59 Read more »
Asia Pacific stocks set to trade higher as investors await China's June inflation dataChinese June inflation data is set to be released later on Thursday, with the Consumer Price Index (CPI) and Producer Price Index (PPI) for that month expected to be out at around 9:30 a.m. HK/SIN.
Source: CNBC - 🏆 12. / 72 Read more »
Dow futures point to lackluster stock-market open as investors await weekly jobs dataU.S. stock-index futures Thursday morning see muted action as investors await a report on weekly jobless claims that is likely to show that more than one million Americans submitted claims for unemployment benefits amid the COVID-19 pandemic. Are they worried jobs will be added? Or excited that there will be jobs gone? I can’t tell anymore, the market is all coocoobananas. nobody gives a rat's ass they just buy it because Trump and the Fed tell them to
Source: MarketWatch - 🏆 3. / 97 Read more »
US stocks climb as investors weigh the economic recovery from coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Market manipulation
Source: BusinessInsider - 🏆 729. / 51 Read more »