Goldman sachs did a survey of it’s institutional investors. They said 50% of institutional investors think the lows haven’t been hit… think about that.
- 98% of Goldman Sachs employees are working from home
- In February, 37% of investors expected the S&P to end the year at 3490
- ~66% of investors expect stocks to be back up to normal levels by years end
- 37% think the S&P will be above 2800 by EOY
- 75% of institutional investors think we are still in a bear market
- 45% of investors don’t think April economic data matters
- A lot of eyes are focused on the oil situation.
The U.S. housing market is going to be one of the biggest victims of the novel coronavirus pandemic as people lose jobs and the economy comes to a grinding halt. Housing bulls have already started pulling out of the market and it won’t be long before prices start going south.
The latest readings from the S&P CoreLogic Case-Shiller index could be the market’s last hurrah. The economic fallout of the COVID-19 outbreak is about to wreck the market’s momentum and might cause the biggest price crash since the Great Recession.
The Corona crisis is different from the GFC of 2008. 12yrs ago ailing banks caused the collapse of the financial system, today a collapsing economy causes stress in the banking sector. pic.twitter.com/z4dtw4PM7P
— Holger Zschaepitz (@Schuldensuehner) April 5, 2020
– The economy is not like a light switch that can be turned on/off at will
– Many jobs already lost are not coming back
– Ultimate businesses create the vast majority of jobs not govt
– Employers will be relatively reluctant to hire for a long time even after the crisis ends
— Avid Commentator 🇦🇺 (@AvidCommentator) April 5, 2020