A swath of big name hedge fund managers have been skeptical of the stock market's swift bounce back from its March low.
A swath of big name hedge fund managers have been skeptical of the stock market's swift bounce back from its March low, arguing equity levels aren't pricing in the horrible economic data yet to come and the uphill battle of developing a cure for Covid-19."The big hedge fund guys who told us that this was going to be the highest and worst and most dangerous since 1999, well they made an ill-advised prediction.
Stocks are soaring on Friday on news the U.S. added 2.5 million jobs in May, the biggest increase on record, demonstrating the economy has already started to recover from the coronavirus crisis. The unemployment rate declined to 13.3% according to data from the Labor Department that was far better than economists had been expecting.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Record stock rally due to big companies' edge in pandemic: Jim Cramer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Jim Cramer: The pandemic led to 'one of the greatest wealth transfers in history''I think we're looking at a V-shaped recovery in the stock market, and that has almost nothing to do with a V-shaped recovery in the economy,' the 'Mad Money' host said.
Weiterlesen »
'It's not investing' — Cramer issues a warning to young people daytrading in speculative stocks'It's a little disheartening to see all the $1 to $3 stocks that people are gunning,' CNBC's Jim Cramer said on Thursday.
Weiterlesen »
Jim Cramer: Investors are rotating into and out of these stocks'Normalcy is shop until you drop. And today's action says that's exactly where we're headed,' the 'Mad Money' host said.
Weiterlesen »
Cramer: Government is 'only one big enough' to fix racial inequality, so CEOs must talk to TrumpCNBC's Jim Cramer said Wednesday it's 'extraordinary' that CEOs looking to fix racial inequality in the U.S. are not talking to the White House.
Weiterlesen »
Coronavirus recovery aid talks to continue after blowout jobs report, Pence saysPence's remarks came shortly after data from the Labor Department showed a staggering rise in employment and a decline in the jobless rate, suggesting an economic recovery from the coronavirus pandemic is underway.
Weiterlesen »