is expecting a decrease of 5.9% in annual GDP for 2020, and a projected 4.7% growth in GDP for 2021,” Yu said.It appears possible the economy could be on the mend, and as a result, the stock market reversed its course. As of May 14, the S&P 500 was up more than 30% since the low point on March 23, though it’s still down about 12% for the year.
Just because investors are hopeful now doesn’t mean things will stay that way. “Equity valuations have remained high without strong fundamentals, such as earnings, to support this recent rally,” Yu said. “Much has been sentiment, based on the prospects of reopening the economy. There is still a lot of uncertainty in the market, which may remain for some time.”
The most obvious of these circumstances are those connected with managing the coronavirus pandemic. The failure to come up with a vaccine or some sort of treatment for COVID-19 would turn investor sentiment against equities. “I think it’s fair to say that current valuations are betting that an effective vaccine will be developed and/or an effective treatment for the disease will be developed within the next 12 months,” Brenner said.
Domestic politics will also play a role, he added. Any disruptions to the fall 2020 elections, such as candidates falling ill or steps taken to control the spread of the virus compromising the fairness of the election, would be a cause of concern to investors.a foreign state taking advantage of what may be perceived as weakness or distraction in the U.S. due to an extended battle with the coronavirus could cause a market sell-off.
Oh, we've not seen the end yet! This is just the start of what will be the worst stock market crash and subsequent depression since the great depression of 1929/1930. There are already more than twice the amount of unemployed workers, & all the other major signs.
These criminal hackers that said they have something about Trump need to put up or shut up and the news media needs to stop until they either put up with something or not
The way things are I don't know why it doesn't crash every day.
Or Nancy could put out another wish list and crash it.
I'm sure we're all gonna be ok
Who gives a shit? The stock market is just a reflection of how the wealthy are doing and, frankly, they can all go bankrupt for all I care. You
Relax, if the market hits zero we'll all be dead anyway.
The stock market is artificially proped up by the fed’s freshly printed money. When people finally realize it, the stock market will crash to it’s true value — about one third of its current value.
Quarantine is having a much bigger effect on the economy then this virus now. 🤷
Somebody may want to tell Donny boy that the stock market is NOT the economy.
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