El-Erian says the biggest threat to stock market rally is wave of corporate bankruptcies

is also around 1% below its Feb. 19 record high after a robust recovery from its steep coronavirus-induced losses beginning in February and lasting into late March.

El-Erian, formerly co-CEO of investment powerhouse Pimco, contended that the market's rally in recent weeks has really been about technical indicators, allowing for equities to continue moving higher even in spite of the coronavirus pandemic and other headwinds. "It's all been about technicals and that allows the market to over and over again to shrug off fundamentals," he said. "Do I think there's a limit to technicals supporting markets on their own? Yes. It just can go on for quite a while."

Source: News Formal (newsformal.com)

Apparently 'Corporate Bankruptcy' is an abstraction to Robinhooders.

should be read

And Democrats! Just saying and I realize the other side can be screwed up toooo!🙀🤠🐎🍐

Lol. Still cheaper than Trump’s Golf; his screw up with COVID19 and his Disregard of Russian Bounty on US MILITARY PERSONNEL. THE STOCK MARKETS ARE GETTING GOP SHAKEY!! Senators FoxNews TrumpHatesWomen

That’s the a Trump model. Run a company into the ground, after taking profits, then declare bankruptcy and escape debt.

Trump will continue to throw money at the markets ($4 trillion thus far). The markets are artificially inflated and everyone knows it.

El-Erian misses a spot. The US gov already understands it but has no plan now except praying for the covid over, sooner is better. Longer virus stay, the worst US economy would suffer. Right now the socialist's corporate welfare sustains the min. survival. Boeing is an instance.

Yep! Bankruptcies are bad for stock values🤦‍♂️🤷‍♂️

I agree, but the market has ignored them so far. I can see a big company, like American Airlines going bankrupt (again). That might wake people up. Reports are AA are losing around $70m a day right now and they already have $34bn in debt.

Has this guy ever been right?

El-Erian is a 🧠

Travel and leisure stocks leading the US market today - investors continue to bet on the reopening of the US economy. reopening

No mention of foreclosures?

Some times before elections will happen, but when!

lol lol lol lol lie and lies cnb , banks , black rock want maximus this week , dow jons , Sp500

Millions of evictions during a pandemic will not be good for the US economy.

Already begun

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