Stock-market expert sees a ‘monstrous’ rally taking hold next week, if one recent trend holds

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Is a 'monstrous rally' for stocks on tap next week? This market expert thinks so

The best start to an August for the U.S. stock market in years might get even better, as soon as next week, if the forecast from Thomas Lee, founder of Fundstrat Global Advisors, is accurate.

Based on research from the Fundstrat team, the stock market will start to drive higher on Aug. 14, with the possibility of a 30% rally in store for equity markets over the course of the ensuing two weeks. “So if history is an analog, next week is the week we could see a monstrous rally in epicenter stocks.”

“Since 1920, every stock market decline >35% saw a symmetric price recovery. In other words, the faster the markets fall, the faster the markets recover, and the ratio is 2.5X. Given the speed of the 2020, this implied making new highs before the end of the Summer,” his team writes : Many have made the call that a rotation out of tech and into other areas of the market, such as industrials, consumer discretionary, financials, and energy, would soon take place. However getting the timing right has been the challenge.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

OldTakesExposed you take these?

There were also a lot of intelligent people predicting a monstrous rally in the papers of August 1929. Not saying we are headed for Depression but these sorts of articles are stupid

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rackspace's stock fell nearly 22% on IPO day as it goes public again - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I would be optimistic if I was getting a huge payout 😋 Breaking News: Man who made $28 million last year is optimistic 😂🤣
Source: BusinessInsider - 🏆 729. / 51 Read more »