by LeadingChallenge2
Global stock market rally is a gamble: IMF warns investors https://www.theguardian.com/business/2020/jun/25/global-stock-market-rally-is-a-gamble-imf-warns-investors?CMP=oth_b-aplnews_d-1
Fed Caps Bank Dividends, Bans Buybacks Through September https://www.bloomberg.com/news/articles/2020-06-25/fed-caps-bank-dividends-bans-share-buybacks-through-september?
UCLA economist predicts U.S. economy won’t recover from coronavirus until 2023 https://www.marketwatch.com/story/make-no-mistakethe-pandemic-morphed-into-a-depression-like-crisis-says-ucla-economist-who-predicts-us-economy-wont-recover-from-coronavirus-until-2023-2020-06-25
Nike reported decline in sales and profits https://www.cnbc.com/2020/06/25/nike-nke-reports-q4-2020-earnings.html
Time to take profit off stocks because 90% of the companies would announce decline in revenues and profits as businesses were shut for 2/3 (April and May) of the quarter. What are your thoughts?
The good news is jobless claims keep going down compared to the week prior.
The bad news is that jobless claims, even in June now, are more than twice as high per week as the worst part of the 2008/2009 crisis. https://t.co/p8KxHuPpzP pic.twitter.com/DNSzGxJJtz
— Lyn Alden (@LynAldenContact) June 26, 2020
U.S. Economy Might Not Heal by Next Year, Putting Stocks at Risk of Correction
The U.S. economy might not fully return to normal until 2022, and the market is at risk of a correction later in the summer, a leading economic forecaster…
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.