Stocks Had Their Best Month In 33 Years, But Here’s Why Experts Are Skeptical

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There are reasons to doubt the stock market’s latest rally, experts say.

Of the 275 companies in the S&P 500 that have reported earnings so far, only 67% have beat expectations while almost 29% have missed , according to Refinitiv.

But some experts are still hopeful: “The market is clearly looking beyond the current quarter,” and while a lot of bad news has come out, “none of this was a surprise,” says Chris Marangi, co-chief investment officer at Gamco. “I have more confidence in the rally today than I would have before we got incremental data from a lot of companies during earnings season,” he says.The coronavirus market sell-off, which began February 19th through to the low on March 23, was the fastest drop of more than 30% on record for the S&P 500. Then, markets rallied through April, making it the shortest bear market on record at just 33 days.

in a recent note. With the “dual benefits of record monetary and fiscal stimulus helping to bridge those most impacted by COVID-19,” the firm expects “a much stronger economy later in 2020.”

 

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$TSLA Sue Elon Musk & make him pay fine equivalent to market cap drop from the tweet time to low of the day. Irresponsible idiots tweeting with impunity should be arrested and prosecuted for manipulation of stocks, people minds, for causing wild gyrations in stock market. Tesla

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