FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo
May is often marked by sell-offs, and on the month’s first day, with jitters on the rise as some U.S. states begin easing shutdown mandates, the adage holds true. This comes on the heels of April’s remarkable run, which saw the S&P 500 and the Dow posting their strongest monthly gains in 33 years. “The last thing you want is retaliation when the world economy looks like it’s headed into depression,” Cardillo added. “The coronavirus has put everything out of whack, but the economy was already weakening due to the trade war, and while Trump is not responsible for the coronavirus, he’s responsible for the trade war.”
The markets have no sound reason to be going up in last 4 weeks. It was gaining only artificially. Expect a sharp downfall in May 2020 and then in December 2020.
That's because everyone except the President knows who really pays for the tariffs - hint, it's not China.
As people stop retirement funds from continuing to pump markets for the rich.
Donny just keeps on winning! 😏