It might be premature to declare the bear market dead, but Thursday's action sure checked off some important boxes.
Conventional Wall Street wisdom is that bear markets, or 20% declines from 52-week highs, die on bad news, and Thursday featured some of the worst the U.S. economy has ever seen.for the week ended March 21, marking the worst week ever, by far. The second-worst number came during the 1982 recession, and the report released Thursday was more than quadrupled that total., which would define a bull market.
There wasn't much sense to be made of the move Thursday, but it did spark talk that the worst of the market damage from the coronavirus crisis could be over. For a bottom to start forming "we'll need to see investors using that term, that it's less bad," said Quincy Krosby, chief market strategist at Prudential Financial. "That's typically what you wait for to begin to invest in earnest instead of just trading."
"The indiscriminate selling that you saw in order to raise money has eased, and that also matters," she said.While the data is likely to continue to be bad for a couple of months, a pronounced recovery is expected to follow. Federal Reserve Chairman Jerome Powell told NBC's "TODAY" show Thursday
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Stock markets rise again — here's what to watch nowStock markets had another day in the green. Shares were on the rebound after a $2 trillion relief bill out of Congress moved closer to being signed, sending the Dow Jones Industrial Average and S&P 500 soaring.
続きを読む »
Here’s Why Stocks Just Had Their Best Day Since 1933The market surged 11% as Congress neared a deal on the $2 trillion coronavirus stimulus bill.
続きを読む »
Futures rise as Washington reaches deal on $2 trillion aid packageU.S. stock index futures rose on Wednesday, putting Wall Street on course to ext...
続きを読む »
Right-Wing Media Is All Aboard Trump’s Coronavirus Death TrainMultiple Fox News and radio hosts volunteered to die to save the stock market.
続きを読む »