Those same expectations have helped draw in a different cohort of investors, many of them young and new to investing. JMP estimates the brokerage industry added more than 10 million new accounts in 2020, with Robinhood alone likely representing about 6 million.
"Usually it takes an unanticipated event to cause the market to get knocked on its ear, and nobody prior to the new year, that I can think of, said we're going to have a problem with a virus in 2020, " said Sam Stovall, chief investment strategist at CFRA. "Everyone creates their yearly forecast in early December, so if the market was still at an all-time high Feb.
"The only difference in this stock market is the stock indexes have gotten to levels that are at values we almost haven't seen before. ... We haven't seen valuations since before the internet sock market bubble in the late 1990s," he added. "It's OK for stocks to be here if companies are going to make a lot of money next year."
"Typically, when we go through economic downturns, people drift to consumer staples, utilities, and health care. ... In a traditional downturn, you went defensive," said Tobias Levkovich, chief U.S. equity strategist at Citigroup. Utilities are negative on the year, down about 5%; consumer staples are up 6.9% and health care is up 10%.
Happy new year 🦅
Thanks, but I have no interest in watching Joe Kernen.
CharlesSchwab DiamondPetFood ,Emerson Electric. HunterEngCo EdwardJones Bayer and others PAID to BUY Josh Hawley a Senate seat. HawleyMO They PAID HIM TO OVERTHROW AMERICAN DEMOCRACY. Tell these companies what you think of TREASON! boycott
Keep it up, yahoos. You're gifting the 2 Senate seats to us....
lame excuses
But yet he was fine giving tax breaks for the rich which added trillions to the national debt. But now he’s concerned about it not being targeted? What a joke.
He voted for the tax cuts. What did that do to the deficit and who benefitted the most from them? Just another hypocrite
Typical politics. A whole lot of 'no' and no recommendations on how to move forward. This was almost painful to watch. crapContent doBetter
A most punchable face
They full of shit because it's only when the money is for the people that all of a sudden they worry about the deficit, meanwhile there's plenty of money for war & other countries
You had all summer and fall to plan such a targeted response. Now we’re over a barrel.
Rich white man tells people $2000 is too much
They got the perfect moron interviewing him.
Terrible job by the the host, why not ask about giving more money to billionaires? why is that ok ?
Trump demanding 2000 so his supporters can give him a 100.00 or more back. Grifter giving to get back.
If government could build public housing,instead of wasting tax payers money on pentagon and unnecessary things
I wonder who made our deficit go up so much. DJT🤷🏿♂️
Oh... ok... let’s listen to what he’s has to say... NOT.
The reason why it don't hurt them cause it's not about them.
squawkjoe is a agent for the failed president who is responsible for the death of over 330,000 dead americans. Joe is a disgrace to cnbc and should leave on Jan 12th when trump leaves as well.