Doll said he expects the market to listen to comments from corporate executives on conference calls but ignore the actual earnings. "The market is going to pay a lot more attention to what can a rebound look like, and what can 2021 numbers look like," he said. "They'll be selling on that versus how deep is the hole going to be in the second quarter.
Doll said he also is looking at how stocks might come through the virus shutdowns. "Part of what you want to make sure is the company is going to make it through, and make sure the industry has decent demand getting out of it. If it has decent demand during it, that's a good thing, and that takes you back to health care and technology," said Doll.
Companies have been tapping the corporate bond market at a record pace to boost their cash piles to help them through the economy's shutdown, and the coming week should be no different.
The market isn't based on reality and definitely not the economy, it's based on endless pumping
And for some reason, the market will manipulate itself higher...
When survival counts - nobody looks at your CNBC trash earnings !!!!
Higher highs ↗️
Yeah to make 1% more rich. Fed can just distribute dollars.
JACKSONVILLE FL BEACHES will reopen at 5 today the mayor is reopening beaches there.,
things have never looked better 22 million unemployed
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