Four experts discuss what they're looking forward to for the rest of the year.
"We are in a much better place right now than we were at the end of last quarter. We started the recovery with two strong months here of the recovery in data for May and June. And we also have a lot of policy support on both the monetary and the fiscal side.
"I point out the fact that the 31% increase in the money supply is the greatest we've ever seen since World War II, far in excess of what we had during the financial crisis, 2008-2009, and this liquidity is just waiting to burst on to the economy if we can get people's confidence back. If the virus subsides, get some more therapeutics, get some more confidence in the economy, and if the Republicans can hold the Senate, we will see I believe Dow 30,000 by the end of the year.
TradingNation Go Trump ! He's on 🔥 - he's got my vote👍
TradingNation Lots of people on this thread sold at the bottom.
TradingNation I've been waiting for the retest of March's lows, as per the cnbc panel experts. Maybe they should stop their virtue signaling with every guest.
TradingNation Wow I guess everything is fantastic! OR the Fed has completely distorted free markets which are so far out of sync with fundamentals I’ve never seen anything like it. I think it’s the latter.
TradingNation It’s all a big fat sham, controlled manipulated market
TradingNation Buy bitcoin btc
TradingNation Funny - I didn’t see anything about this on MSNBC or CNN ?
TradingNation Meanwhile, in the real world:
TradingNation Omg ! we have the best quarter since 1988 with 40 millions people unemployed. Trump’s economy is great
TradingNation Incredibly untethered from reality...And people wonder why faith in our institutions has been eroded...
TradingNation Great job Powell you did a tremendous job expanding the national debt! fakemarket fraud
TradingNation happy for JoeSquawk . Tough quarter for andrewrsorkin
TradingNation Wait I thought we were retesting the lows? I heard that about 100 times on CNBC.
TradingNation Now can everyone see the disconnect between Wall Street and Main Street?
TradingNation What comes next? A vaccine then all time highs!
TradingNation More proof that the market is designed to benefit the rich at the expense of the poor. Worst quarter for nearly half of Americans leads to economic growth.
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Dow caps off best quarter since 1987 as strong economic data drives gains - 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. A new way of misleading reader & investor are seen in Media Buzz word 'Better than expected' who set the bar for expectation instead of comparing with last month, last Yr In the whole article Economic Number or Data itself is missing👉It's called False propaganda by Media🤠 Surging just like COVID-19, one of those going to put a smile on Trump's face But with a lot of states thinking about shutting down again it could cause another big drop on the stock market and also with less money these days I'm sure the holiday shopping season will be a disaster.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dow notches best quarter since 1987, a rebound helped by low interest rates and government stimulus amid COVID-19Stocks notched their best quarter in decades, as government stimulus and help from the Fed helped markets start to recover from the damage of COVID-19 at the start of the year. Flash boys making lots of $$$ Rrrrrrrrrrrright... HAHAHAHAHAHAHA A positive tweet? Someone must have hacked
Source: USATODAY - 🏆 100. / 63 Read more »
S&P, Dow futures edge higher on stimulus, rebound hopesFutures tracking the S&P 500 and the Dow Jones indexes edged higher on Monday following a selloff on Wall Street last week as investors weighed hopes of more stimulus and improving data against a resurgence in global coronavirus cases. Lol. Well, we'll just ignore 1.48 million new unemployed and a raging pandemic on the off-chance the Republicans won't say ... 'But the deficit. We cannot just hand people money or they'll never go back to work to die for our economy' LOL
Source: Reuters - 🏆 2. / 97 Read more »
U.S. stock futures sink after Friday's 700-point slide by the DowU.S. stock index futures fell late Sunday, after the Dow sank more than 700 points Friday. Dow Jones Industrial Average futures undefined were down around... -150 points in the DOW isn’t sinking! It’s probably going to gap up 300 points in the morning. Again... futures are irrelevant in this market... Last week we saw majorly red futures and had a 700pt gain... two weeks ago we saw a 1000pt futures and it almost went red... Totally irrelevant, stop trying to push a fake narrative Don’t worry, Fed is there to pump you up!
Source: MarketWatch - 🏆 3. / 97 Read more »
What to watch today: Dow set for lower open after 580-point surgeDow futures point to a decline at Tuesday's open after starting the week with a 580 point gain.
Source: CNBC - 🏆 12. / 72 Read more »
Dow futures bounce around as investors await Powell, Mnuchin testimony on the coronavirus responseU.S. stock-index futures see muted trading early Tuesday as investors awaited a congressional hearing featuring Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin that could provide more investor guidance about the government’s economic response to rising coronavirus cases. Could be a big day Whatever they say will be interpreted positively. I see no scenario where this is not another green day and these two crooks are praised effusively. Investors have become a bunch of welfare queens.
Source: MarketWatch - 🏆 3. / 97 Read more »