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Stock market live updates: Stocks off lows, Dow was down 700 points, tech leads comeback

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“I think this will be a gradual recovery,” Blackstone’s Byron Wien says. “I think earnings will come back. But I think it'll be 2022 before we’re back to 2019 levels.”

Stocks have been under pressure in recent days, but UBS' Mark Haefele thinks more gains lie ahead. We are still confident that with positive medical developments and supportive stimulus measures, economies will be able to reopen sustainably without a second wave of infection overwhelming healthcare systems," Haefele, CIO for UBS Global Wealth Management, said in a note. "We think there is still room for equities to move higher in both our central and upside scenarios.

Shares of major U.S. airline companies fell across the board in premarket trading Monday morning as inflamed fears about a second wave of coronavirus cases continued to threaten the market's recent optimism about economic reopening. Delta, United and Alaska Air fell 7%, 8.7% and 6.8%, respectively, underperforming S&P 500 futures that pointed to a slide of 2.1% for the broader market when regular trading resumes. JetBlue Airways and Southwest Airlines dropped 7.3% and 6.1%. —U.S.

 

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Why do you keep posting all of these old white men crying about the stock market? Maybe they are just wrong

Based on what Byron is saying it totally makes sense the stock market is valued at near record highs😂

CNBC is turning into a channel of old men’s nostrils

of course the market and kooks got waaaay too optimistic about V shaped recovery. There is only one rule. IF YOU GO AGAINST THE SCIENCE YOU WILL LOSE. All the time Without fail In every instance No exceptions.

Has he looked out the window? Market are already almost back to 2019 levels.

The Blue Wave in 2020 will lead to higher taxes and stagflation. Yet that is still the best option. Unemployment won’t be below 5% for a very very long time.

I think it's sooner than that. You'll have a better president and the mood will change in 2021. There will be a palpable opportunity with consumer confidence. More people will feel more galvanized in the middle and push the fringe back to the darkness

FAKE , BULLISH , SEE NOW SHARES

The japanification of our economy.

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