Has this simply been a relief rebound or a new leg to this bull market following a successful 'soft landing' for the global economy?
has won the respect of technical traders by nosing above a trend line that had contained all the brief rallies to fresh highs since January 2018.The performance suggests a pretty positive story animating the market: The trade war contributed to a global industrial slowdown in summer that compressed bond yields, forced the Fed into three rate cuts and inflamed recession fears.
Yet the market still has a bit to prove here. At last week's best level of 3097, the S&P was about 2.3% above its prior peak from late July. Each rally to a new record since January 2018 has been brief and none has pushed even as much as 3% above the prior high before retreating. Michael Hartnett, global strategist at Bank of America Merrill Lynch, figures risk assets can carry a good deal higher into next year as investors flee their defensive shelters and chase prices of rebounding cyclical plays.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock Market Remains Near Highs, And Investors Await Fresh Catalyst For Next MoveIt looks like investors are continuing to take a breather as stocks remain near record highs and headlines aren’t providing much of a catalyst
Lire la suite »
Here are the biggest risks to the financial markets in 2020Stocks may be at record highs as the year winds down, but one economist has already started issuing warnings about a host of threats to the markets in 2020.
Lire la suite »
Home Page - MarketWatchMarketWatch provides the latest stock market, financial and business news. Get stock market quotes, personal finance advice, company news and more.
Lire la suite »
Factbox: Failure to launch - The biggest IPO pull-outs of 2019Private companies seeking to launch on stock markets have abandoned a series of ...
Lire la suite »
Fidelity International sees more upside in Tokyo shares: Japan equity headFidelity International sees further gains in Japanese stocks next year and has s...
Lire la suite »
Exclusive: Beyond Meat eyes production in Asia before the end of 2020Exclusive: While Beyond Meat sells its products in Taiwan, Singapore and Hong Kong, the company and rival Impossible Foods are racing to expand sales to China, a major untapped market via Richa_Writes
Lire la suite »