Stocks are watching on Tuesday, leaving behind a rash of concerns – the Washington-Beijing tension, the lack of an American coronovirus stimulus package and Europe’s virus resurgence.
Optimists helped push the Nasdaq Composite Comp,
To make another record on Monday, while some look at a new S&P 500 SPX,
High is coming to the end of August.
But he has a more “creative” view of how the market will perform in the fourth quarter. In our Phone of the day, Male suggested to repeat a pre-year strategy – to take advantage of the next fall, and now to reap maximum benefits at the rally later this year.
Male said in a recent note, “Those who follow our suggestions in January / February were very happy around March and April … and we think they will be very happy in the next two months.” For customers.
The Federal Reserve is prominent here. “The Fed’s number one concern is the credit market, not the stock market. Only the steep decline in shares will destabilize the credit markets, not a 10% -15% correction.
Therefore, he hopes the Fed will reopen the spigots when reforms threaten to turn more ugly, such as was seen in the first quarter. “The S&P may lead the rally to 3,600, but we also believe that it will be very difficult for the stock market to rally strongly without experiencing a normal / healthy recovery,” Male says .
History is also a factor with the US presidential election. He noted that the stock market has wept in 10 days since 1972, with an average gain of 7.2% from Election Day (or shortly thereafter) until the end of last 10 years. He says the rally will come with “no one winning the election in November”.
And Nasdaq NQ00,
European stocks moving forward, with SXXP
While Asian markets gained momentum.
Here is how in the first half of the year, the world’s largest sovereign-wealth fund went to Norway’s government pension fund Global, which lost 21.3 billion. In the first half of 2020:
A trio of retailers have delivered strong results with Walmart WMT shares,
, Home depot hd,
And Kohl’s KSS,
All the foregoing ascent.
The US has imposed new restrictions on Huawei after China Donald Group’s products were again spyware by President Donald Trump.
Another tech giant may have entered the race to buy social media group Tiktok with Oracle ORCL,
In preliminary talks with Chinese boss Biaktens reportedly to buy its operations in four countries. Microsoft MSFT,
Up to this point there has been a major potential buyer.
Videogames manufacturer Epic is trying to get a temporary ban order in California to block iPhone maker Apple AAPL,
By removing the hit game “Fortnite” from the App Store. Epic’s fight may just help prevent an antitrust investigation against big technology.
The Virtual Democratic National Convention kicked off on Monday, with a keynote speech by former First Lady Michelle Obama, who launched a scathing attack on Trump.
Housing starts in a light data calendar – the number of new homes on which construction has begun.
Became Portuguese president A hero of Algarve.
What we need: The National Zoo of Washington has a new baby panda route.
How the UK government earned an “F” from students.
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