The economy and financial markets will never be the same, and the worst is yet to come, said DoubleLine Capital CEO Jeffrey Gundlach. The selloff caused by the COVID-19 outbreak has further to go, and U.S. financial markets are not likely to see a bottom until later in April, said Gundlach in a webcast yesterday.
Full Answer
Is another stock market crash coming?
May 10, 2020 · Hunter's thinking is simple: The market has already digested the initial shock stemming from the coronavirus — the proverbial "first shoe" if you will — but it hasn't yet accounted for what's yet...
Will the current stock market crash wipe out most of gains?
May 09, 2020 · Stock market crash: Why the worst selling is yet to come, expert says May 9, 2020 in Finance 0 David Hunter, the chief macro strategist at Contrarian Macro Advisors, thinks “the second shoe” stemming from the coronavirus fallout is certain to drop someday after Labor Day. In line with Hunter, shares will rally laborious into the summer time.
Which stocks correct the most in a market crash?
Mar 06, 2020 · Experts have been alerting that a stock market crash is forthcoming. This time around, the damage will be so extreme that it will take decades ahead to recover from it. That’s what the chief macro strategist at Contrarian Macro Advisors, David Hunter, recently warned, affirming that a second wave of stock market selling is yet to come.
Why is the stock market down?
May 14, 2020 · In this video, we discuss the current S&P 500 level and the Technical Analysis formation that is currently happening on the charts. We also discuss our Techn...
U.S.-China tensions
The U.S.-China trade war is starting to heat up again. The U.S. is reiterating its policy to remove global industrial supply chains from China. The government claims that it’s “turbocharging” the initiative to move essential manufacturing back to the country, through incentives and subsidies.
Slow oil price recovery
As the lockdowns start to ease up globally, the demand for oil has started to increase, but the process is very slow. The post-pandemic demand is hard to predict, and a full recovery is unlikely in the near future.
Foolish takeaway
It’s hard to say whether another crash is imminent, but it’s clear that we aren’t out of the woods yet. For investors, now’s the time to be prudent about the securities they have in their portfolios – and very discerning about any new companies they want to buy in.
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Despite a recent rally, the stock market could plunge again. Here are two stocks to buy no matter what happens
A Fool since 2019, Prosper's writing focuses primarily on the healthcare sector. Passionate about teaching and learning, he enjoys helping others make better decisions about their finances -- and enjoys it just as much when they return the favor. In his free time, you'll find him curling up with a good book or doing math.
Intuitive Surgical's business takes a breather
Intuitive Surgical is one of the leaders in the market for robotic-assisted surgery. The company's signature device -- the da Vinci Surgical System -- has been highly successful since it was first approved by the U.S. Food and Drug Administration (FDA) two decades ago.
This leading electronic payment company still has room to grow
Visa's business model is fairly simple: The company's digital network handles financial transactions, and Visa pockets a fee for each transaction. Visa is one of the most well-established players in this field, and the company's revenue and earnings continue to grow at a decent clip.
US stock markets
So far, US stock markets have rebounded from their last month’s lows. Based on Tuesday’s closing prices, the Dow Jones Index is 24.4% above its March lows, while the S&P 500 is trading 19.1% above its March lows.
Is the worst over for the Dow Jones and the S&P 500?
Globally, financial markets have shown some resilience after last month’s crash. While US stock markets closed with strong gains on Monday, they closed in the red on Tuesday. Incidentally, markets were trading with gains in early trade yesterday. As the day progressed, they pared all of the gains. Futures are pointing to a positive opening today.
Citi on US stock markets
According to a CNBC report, Citi strategist Jimmy Conway sees the stock market rally as an “aftershock.” He said, “I think we are going to see some pretty horrific cash flow numbers.
Chinese equity market
Interestingly, Chinese stock markets have outperformed global markets this year. The country has also opened Wuhan, which was the epicenter of COVID-19. Meanwhile, global equity markets were generally weak today. Chinese and Indian equity markets closed with losses. European stocks were also trading weak.