Central bank firepower helped stock market bulls finish the first half of 2020 on a high. Now the rally hinges on follow-through in the third-quarter from economic data, company earnings and the coronavirus newsflow.
FILE PHOTO: The Fearless Girl statue is seen outside the New York Stock Exchange in New York City, New York, U.S., June 11, 2020. REUTERS/Brendan McDermid /File Photo
Latest numbers from jobs to manufacturing have kept momentum going. But what comes next is important - for investors as well as possibly for U.S. President Donald Trump’s re-election prospects in November. Markets risk being sideswiped by bad news, Silbertson said, adding: “If you believe markets are forward-looking, perhaps they are overly optimistic.”
Contrary to common belief, surging stocks and a shrinking economy can go together - past meltdowns attest markets can trough up to six months before crises end. But they do need to see data improving at a steady clip. Markets see 2021 as when “we’ll start to see essential improvements in the economy and from companies. The more that’s pushed out, the more difficult it is for the market,” Krosby said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why time feels so weird in 2020While some days seem to pass slowly, weeks and months often feel like they fly by. Take our perception tests to understand factors that can distort our sense of time
Read more »
Three Reasons Why Happiness Is So Elusive and FleetingWhy our brains may be hardwired to be dissatisfied—and why that's OK, writes FTMcAndrew
Read more »
Three reasons why India cannot immediately disengage from China, despite geopolitical tensionsExperts say it is difficult for New Delhi to disengage from Beijing and reduce its ties in the near term because of how intertwined the countries have become in recent decades.
Read more »
Why I think personal finance influencers need to talk about race - Business Insider'I can't save what I don't earn. As a Latina, I statistically make the lowest out of any minority woman, at 53 cents per every white man's dollar. So I can do all the work yet still have a 50% gap in lifetime earnings' smart_latina told MichLovesMoney
Read more »
Here’s What Netflix’s ‘The Baby-Sitters Club’ Changed From The Books—And Why It WorksThe reboot of the classic children’s series might not look exactly like the retro covers you loved. It's even better.
Read more »