by Davidkingq123
Global stocks are edging lower, and oil prices have plunged to 17-year lows at the start of another week set to be dominated by the coronavirus pandemic. But U.S. stocks rallied on Monday. The investor optimism came despite President Trump extending the U.S. lockdown to April 30 and public health officials warning that the American death toll could be between 100,000 and 200,000 with cases in the millions.
UBS says: Equities remain the most ‘pessimistic’ across asset classes (pricing global growth at 0.3%), followed by commodities (0.7%), rates and credit markets (both 0.9%). At 3% implied growth, cyclical currencies send the most optimistic signal. Nevertheless, equity market bottom may yet to come
However, economic uncertainty continues to skyrocket & is now more than double prior peak as you can see here twitter.com/LizAnnSonders/status/1244585147099381761/photo/1
Economic uncertainty continues to skyrocket & is now more than double prior peak @business pic.twitter.com/H7JcLiAoYc
— Liz Ann Sonders (@LizAnnSonders) March 30, 2020
Today’s closing market data (from Reuters)
Stocks
- S&P »2,598.28+2.24%
- Dow »22,082.98+2.06%
- Nasdaq »7,703.55+2.68%
- FTSE 100 »5,560.53+0.91%
- Nikkei 225 »19,084.97**-1.57%**
Do you think markets will continue to rise? Will VIX Index decrease in the following days?
What asset classes are you and regions are you investing? And What platforms are you using for these investment? What I am using now: ETFs I am using Vanguard (investor.vanguard.com/), for alternative funds & portfolios Daedalus (daedalus.investments) and for shares & options Robinhood (robinhood.com).
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.