U.S. set to reopen the Economy, maybe too soon?Published by Terence Mahier | Source
With just a couple of days left in April, the Dow Jones is up over 10%, on its way to break a 3-month losing streak with its best monthly performance since Oct. 2002 🎢
Traders are increasingly betting on the reopening of the U.S. economy, which, according to experts, is not even “remotely prepared” to re-open 🤔
Earnings reports are showing a crashing impact of the outbreak on the Economy, and Companies are pulling out their guidance for the rest of the year amid uncertainties due to the evolution of the pandemic.
Despite a poor outlook, the market is rallying as it seems that the situation cannot get worse. What's your take? �
Many states are beginning to allow restaurants and other establishments to serve customers even though the U.S. at large is not seeing a decline in confirmed infections 🤧
“It’s not like you can pick one or the other. You have to get the health back on track in order to get the economy back on track,” said Konyndyk, a senior policy fellow at the Center for Global Development.
We mentioned the FOMO (Fear Of Missing Out) of investors in the past. Nobody wants to miss the rally and everybody agrees that it can only go up in the long term. Does it matter eventually whether the rise is artificial or not?
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- Newspill Team 💊
28-Apr 11:29 (Eastern Time)
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