This strategist certainly has a contrarian view: 'I think the bears are still short autos, they’re still short commercial real estate, and they’re still underweight financials.'
Don’t count Peter Tchir, head of market strategy at Academy Securities, in the markets-are-irrational camp.
Tchir says he expects the government to act more aggressively on infrastructure spending and supply chain rebuilding. It is, ironically, the market gains that make Tchir nervous. “The government acts much better when markets are in disarray,” he said. The protests over the killing of George Floyd and ensuing violence also may shift attention away from the economy, he said.
Trump administration officials expect to spend up to $1 trillion in the next round of economic stimulus, Bloomberg News reported.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
One century on, Hungarians still feel World War One 'injustice'For Laszlo Petrik, an ethnic Hungarian living on the Slovak side of the River Danube, the treaty after World War One which led to Europe's maps being re-drawn stirs up strong feelings.
Weiterlesen »
Buy Your Next Cloth Face Mask From One Of These Black-Owned BrandsBuy your next cloth face mask from one of these Black-owned brands.
Weiterlesen »
Experts fear Yemen could suffer one of the world's worst coronavirus outbreaksExperts fear Yemen could face one of the world's worst coronavirus outbreaks, raising concerns of a staggering death toll after the UN began cutting aid to it. The cuts came after UN appeals for $2.42 billion in funding fell short by about 50% this week.
Weiterlesen »
Explainer: No one really knows how many Americans need unemployment benefitsAnother 1.9 million people filed for unemployment benefits for the first time last week, according to data released by the Labor Department on Thursday, marking 11 straight weeks in which millions of Americans have filed claims for jobless benefits.
Weiterlesen »
Providing bereavement leave is one way companies can support black employees right nowPlus four more takeaways from a Fortune MPW conversation about racism and allyship.
Weiterlesen »