As the economic benefits of massive fiscal stimulus and businesses reopening reach their peak in the coming weeks, Goldman Sachs analysts are warning that U.S. economic growth will slow, leading to “paltry” stock returns over the next year and an end to the market’s massive pandemic rally. U.S. economic growth will peak within the next […]
After closing at record highs last week, stocks are falling for the second day in a row as corporate earnings—which lifted the market to new highs during the pandemic—start to show signs of weakness, all while speculative pockets of investor mania continue to rage on. Shortly after the open, the Dow Jones Industrial Average fell […]
Credit Suisse analyst Jonathan Golub introduced his 2021 price target for the S&P 500 (^GSPC) of 4,050, implying 12.2% upside from Tuesday’s closing levels. Underpinning this upbeat call is his assumption that two years from now, the post-virus economic recovery will have already hit a peak. “Our 2021 forecasts are designed to answer a simple […]
The stock market crashed early in the Covid-19 pandemic onset. Then it recovered. For that, you can indirectly thank … Covid-19. The dynamic might seem at least the foothills, if not the height, of irony. And possibly ridiculous. Virtually everyone knows that it’s a president that matters and drives the markets. You can see from […]
Life in the era of COVID-19 is certainly unlike anything the vast majority of us have experienced in our lifetime. The last time the world faced a pandemic of this magnitude, the year was 1918. People around the globe struggled to combat a new foe in the form of a flu pandemic which washed over […]