Market rallies will fail until there's an effective way to fight the coronavirus, investor Jeff Mills warns

Trading NationBut he also warns stocks won't see a sustainable rally until there's a way to fight coronavirus infections.

"We just don't know how long the economy is going to be shut down," the firm's chief investment officer told CNBC's "" on Friday. "We don't know how long folks will be quarantined, and I think because of that, it's going to be very difficult for equities to move higher in a steady fashion at least over the next couple of months."and Federal Reserve.

"The fact that the Fed is now here and they're supporting the credit markets... effectively puts a little bit of a bottom in the market," he said.If the"We would use a rally up into the 2,800 level in the S&P 500 as an opportunity to take some risk off the table. Just from a technical perspective, 2,800 is around where resistance is," Mills said. "That's the 50% midpoint between the all-time high and the recent low.

TradingNation Are you and Ackman shorting the market again?

TradingNation And the masses line up.

TradingNation I agree. A scenario based approach to looking ahead.

TradingNation There already is.

TradingNation Cure; Start planning your summer and let the world know. What you are going to experience, eat, buy, enjoy. In vivid terms. Give the market something to react over. SiegelGale Advertising business strategy

TradingNation REALLY ?

TradingNation Spoiler alert: he doesn’t know and neither does anyone else on your network. They’re all spouting BS to fill a 24 hr news cycle

TradingNation The success of a drug treatment for the coronavirus will drive the economic recovery. Fast tracking drug treatment is a national security issue.

TradingNation Seems there is one working right now

TradingNation Ya think?

TradingNation Agree!! The bailout money should have been spent on PPE, ventilators, hospitals, and possible treatments!

TradingNation I wasn’t buying the market rallies at all. It was inevitable that the number of cases were going to sky rocket as well as the death toll.

TradingNation He cute!

TradingNation Honest truth, it’ll be shaky till we reach that point

TradingNation Vaccine human trials started today

TradingNation Personalized approach( it is always individual treatment) is extremely expensive&very few have the same initial conditions ....naturally acquired immunity is the cheapest approach

TradingNation Agreed.

TradingNation Duh. Brilliant viewpoint.

TradingNation Truth

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Listing Impossible' star Aaron Kirman says coronavirus could devastate the real estate marketReal estate is the latest sector to fall victim to the coronavirus pandemic, leaving Realtors scrambling to cancel open houses. People looking to buy or sell a home will face uncertainty and long waits. acorns GrahamStephan acorns 👌🏼 aaronkirman acorns I got over 100 illegal spam phone calls from Hilton and Hyland. Now I'm sending their agents on long drives for a listing that doesn't exist.
Source: CNBC - 🏆 12. / 72 Read more »

Byers MarketDylan Byers takes you behind the scenes of the rapidly changing world of technology and media. Power brokers such as Facebook’s Sheryl Sandberg, ESPN’s Jimmy Pitaro and media mogul Barry Diller talk one-on-one with Byers about how their industry intersects with politics, how they use consumer data
Source: NBCNews - 🏆 10. / 86 Read more »

14 Fashion Insiders on the Best Strapless Bras on the Market\u201cTo be honest, my favorite strapless bra is no bra, however, when I absolutely have to wear one my go-to is the Commando Bandaeu Bra. It has been a lifesaver one too many times for me. It's the perfect combination of comfort and functional. I actually have three of the same one!\u201d Adrienne Faurote, Powers PR
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

20 More Stock Picks For The Coronavirus Economy, According To Market ExpertsEven though the coronavirus has caused unprecedented market volatility, there are still good deals to be had for investors. I have 7 of those stocks, so I like your list. 😄
Source: Forbes - 🏆 394. / 53 Read more »

‘It Is All About Faith’: Eager Small Investors Buoy China Stocks in Market MaelstromChina’s millions of individual investors have been pouring money into stocks, confident that Beijing has mastered the coronavirus crisis and that cheap money, state spending and lighter regulation will produce a new boom. Pigs are ready for another slaughter.
Source: WSJ - 🏆 98. / 63 Read more »

U.S. Rebuffs Calls to Close Stock MarketThe Trump administration has vowed to keep the stock market open, even as a steep selloff has led some to suggest a temporary closure could soothe frightened investors Not closing the stock market may be correct, closing the stock market may lead to greater panic and confusion. Of course Trump is keeping the stock market open. He's been trying to bring it back up so his family and friends that haven't offloaded yet can and then buy in again when it's hit rock bottom. Nothing assuages fear more than instant loss of liquidity.
Source: WSJ - 🏆 98. / 63 Read more »