It’s a Monday but there is optimism in the air. Tentative signs that the coronavirus spread may be slowing, despite the U.S. being set for its worst week so far, have encouraged investors, sending stocks surging higher - the Dow DJIA, +4.95% climbed more than 800 points at the open. New York reported a drop in new infections and deaths on Sunday and President Donald Trump said there was “light at the end of the tunnel.
“With the forced liquidation of assets in the past month largely behind us, unprecedented and unbridled monetary and fiscal intervention led by the U.S. and the most attractive valuation we have seen since 2011, we stick to our recent view that the worst is behind us for this cyclical bear market that began two years ago, not last month,” Wilson said in a note.
Antivirals and antibody therapies to beat coronavirus are showing promise but the Food and Drug Administration needs to up its pace, according to a former FDA commissioner. Oil futures dropped early on Monday after a crunch meeting between Saudi Arabia and Russia was delayed until Thursday, as tensions between the two countries ramped up over the weekend.
When the say its time to buy. Definitely it is a trap
Famous last words.
Did he know the virus would end the bull market? Did he set a range for when it would go into recession?
Sounds like another rug pull coming
2008/09 markets fell 50% as of today we’re down 25% Morgan Stanley is wrong.
When poor people will starve, they'll simply eat the rich.
Market denial in the face of facts thebigshort
Enjoy! I'm not buying this BS!
bullshit
yes, is see why, big recession to come, personal debt crises, massive deficit, yes I see why….