That is the question a number of market strategists are exploring as the Dow Jones Industrial Average DJIA, +0.36%, the S&P 500 SPX, +0.71%, and the Nasdaq Composite COMP, +0.91% indexes mount their latest concerted assault on all-time closing highs, powered by hope that the U.S. and China can forge a preliminary trade accord to resolve a prolonged battle over import duties.
A call by some market participants for further gains for equity indexes now comes as the S&P 500 has gained nearly 27.3% in the year to date, the Dow has returned about 21% so far this year and the Nasdaq has produced a year-to-date return thus far of about 33%, according to FactSet data. Analysts at Morgan Stanley, led by Michael Wilson, chief U.S. strategist, have described the current state of bullish play as a trifecta of catalysts. Those include accommodative central banks, providing fresh liquidity to already-buoyant markets; easing Brexit uncertainty; and apparent progress toward a meaningful detente in China-U.S. trade relations.
“Further, the current level of this measure is worse than it was during the 2015–2016 manufacturing recession, a trend driven mainly by smaller-capitalization companies which are struggling with higher labor costs,” they said.
why these numbers only go in one direction...UP!!!!!
overvalued stocks(bubble)
Terrible news for Dems
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: ABC - 🏆 471. / 51 Read more »