Looking at the financial reads over the last few days focussed on the US there was a balance of articles claiming the market had bottomed out and those with a more bearish approach looking at the S&P 500 bottoming circa 2000. Bill Ackman, (Pershing Capital Management) told the market the world was facing armageddon with Corona, took a USD 27 million position and promptly turned it into 2.6 Billion through defensive hedge bets.(Fear at its best!)
The tone is slowly changing towards a more bearish bias with earnings downgrades.
An excerpt from an article in bloomberg this evening that struck a bit of a chord
“The American stock markets seem again rocked by a soft-maintained illusion by the Fed,” wrote Jacques Lemoisson, head of global macro at CbH Asset Management, in a note referring to the recent rally spurred by monetary stimulus. “The problem with illusions is that it doesn’t always last very long.”
Full article
https://www.bloomberg.com/news/articles/2020-04-01/wall-street-s-bullish-illusion-shattered-by-bad-news-onslaught?utm_content=business&utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business
- Forums
- Test
- hoots
Looking at the financial reads over the last few days focussed...
- There are more pages in this discussion • 166 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online