Global stock market rally is a gamble: IMF warns investors 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 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 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 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.
— Lyn Alden (@LynAldenContact) June 26, 2020
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…
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