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*
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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
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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
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