This translation has been automatically generated and has not been verified for accuracy.After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict.
Bernstein said he was a “data hawk” and was looking for a combination of “improving fundamentals” – eyeing the basic health of the asset, rather than trading patterns – and “total disbelief,” adding that in 2009 investors did not believe the bull market was real. Ackman, whose Pershing Square LP fund gained a net 6.8% this month according to one investor, wrote to investors last week to say he had taken off credit market hedges and invested the money in new and existing stock holdings after turning “increasingly positive” on stock and credit markets.
The possibility that the coronavirus outbreak fades, only to return once restrictions holding back economic activity are lifted, could cause “a severe financial crisis,” said business consultancy Fathom Consulting. A moderation in equity volatility could also help, as it is “an important precondition for investors to raise equity exposures,” said analysts at Deutsche Bank. The Cboe Volatility Index is down from its high earlier this month – although still pricing in some turbulence.Still, on Friday, Wall Street stocks ended their massive three-day surge.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Source: nationalpost - 🏆 10. / 80 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: nationalpost - 🏆 10. / 80 Read more »