"This is a market that's destined to go higher," he said."We could have new highs before the end of the year."in early March in response to the coronavirus threat, rationalized his shift from bear to bull.
"I did not appreciate what the Fed's actions to support the market were gonna do to the retail community," he said. "There has been a massive flood of money" from retail investors, he continued, because they believe that markets"always go up, you can't lose, the Fed is there."How to navigate a chaotic market: Exclusive video discussion with 3 top Wall Street stock strategists
The retail inflows show few signs of stopping and threaten to inflate an already overvalued market, Bianco added. The frenzy could be halted by a second wave of coronavirus infections, a sluggish economic recovery, or a change in the Fed's behavior, he cautioned.Apple is facing rage and insurrection from developers over the commission it charges apps on the App Store »
Just a bunch a fools, collectively.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Fed's unprecedented support for stocks pushes James Bianco out of the bear camp, sees potential for new record highsFed's unprecedented support for stocks pushes James Bianco out of bear camp, sees potential for new record highs (via TradingNation) TradingNation Y'all with your bulls and bears... I am in the owl camp. TradingNation Expect FED steroid support to continue, disconnect from fundamental asset valuations to widen until the caterpillar tail (economic activity) catches the debt-fueled head (EVs) or irrational exuberance sunsets (REITs, CLO, election disaster?). Unlikely with SearchForYield. TradingNation Alchemists would be green with envy. The Fed has discovered the Philosopher's Stone. Just add some Fed powder and POOF! Ya got a Bull Market.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »
Stimulus splurge restarts stocks rallyWorld shares jumped as sentiment was lifted by the launch of the U.S. Federal Reserve's corporate bond buying program and concerns about a second wave of global coronavirus infections eased مقاطعة تركيا مطلب عربي 5 soldiers were killed and 11 were injured during violent clashes at the China-India border...GalwanValley ChinaIndiaFaceoff “Concerns about a second wave of coronavirus infections eased” According to what? Rising numbers in the dead of summer?
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »
Global Stocks Follow U.S. Markets HigherInternational markets and U.S. stock futures gained, as the Federal Reserve’s latest support for financial markets outweighed concerns about a new wave of coronavirus infections. If only the govt/fed put this much effort in propping up the American worker like they do the markets .....sigh
Источник: WSJ - 🏆 98. / 63 Прочитайте больше »
Japan up nearly 3% as Asia stocks jump following overnight Wall Street comebackShares in Asia jumped in Tuesday morning trade following a dramatic bounce back overnight on Wall Street. How about a report on the in-depth ramifications of the United States Central Bank (NOT a Federal entity) now purchasing ownership of American companies through direct equity purchases? No? Okay. Let’s gooooooooo!!! 🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »