, who told CNBC on Thursday that the "hardest months" of the pandemic were coming. As a result, more support will be needed for Americans. "It's too soon to assess with any confidence the implications of the news for the path of the economy, especially in the near term," Powell said at the European Central Bank forum on Thursday.
The economic backdrop is "quite different" today, in the view of the Suntrust strategist. Monetary policy is "very easy," and after what was the sharpest and shortest recession in U.S. economic history, it is fair to argue we are in the early innings of an economic expansion.Short-term volatility in stocks is reasonable to expect.
But the market strategist remains positive on a 12-month basis, based on the belief that the market is seeing the early stages of a multi-year economic expansion, as well as the fact that stocks are typically valued on cash flow generation over multiple years, which should help investors look through the current rise in Covid-19 cases and potential slowing in parts of the global economy.
Market history says a crash is imminent.
Tesla Inc Chief Executive Officer Elon Musk said on Thursday he took four coronavirus tests on the same day, with two showing positive results, while the other two were negative. Something extremely bogus is going on. Was tested for covid four times today
If covid isn’t under control, FEDs will need to prop it like Japan’s market. Market won’t like this; we will retrace back to March 2020 lows
$DJI to 36K