Powerful monetary and fiscal stimulus programs are keeping stocks aloft, as investors trade into stocks that should benefit from reopenings.
Stocks continue to rally, even as many American cities remain under curfews and are bracing for continued protests.
A looted and boarded up "Best Buy" is seen after a night of protest over the death of an African-American man George Floyd in Minneapolis on June 2, 2020 in New York. City.The great rotation continues, with some of the most down-trodden names leading the market higher: industrials, airlines, financial institutions, and energy companies.
"The market is a forward looking mechanism. They see six months from now, nine months from now there will be more semblance of order. The economy will be coming back, and earnings will be coming back. Estimates have stopped going down," said Steven DeSanctis, Jefferies equity strategist. "You have the full support of the Fed ... the flows into credit markets have been incredible. The capital markets are open. IPOs and secondary offerings are getting done.
Lori Calvasina, chief U.S. equity strategist at RBC, said the protests could become an issue for stocks if they have a significant impact on consumer or business confidence, as the economy is reopening. The market has also been watching but mostly shaking off the growing"We have a giant Fed cycle that looks like it's never going to stop," said Calvasina. "Is the Fed lift powerful enough to offset negative news? They acted with leadership and acted early and were aggressive.
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。
LeBron James reacts to death of George Floyd: 'Why doesn't America love us?'LeBron James and many other prominent athletes and coaches shared their thoughts on the death of George Floyd and racism in the United States.
続きを読む »
Why the stock market is up amid chaos in the streetsA global pandemic, racial strife, political upheaval — and a rising stock market amid the chaos. While it sounds a lot like 2020 it also has echoes all the way from 1968.
続きを読む »
Blackout Tuesday: Why social media users are going dark in solidarityUsers are being asked to not include the hashtag blacklivesmatter on their posts if they are participating, so that posts with important information pertaining to the movement are not buried in the feed.
続きを読む »
Pat McGrath on Why Diversity and Inclusivity Have Been Crucial to Her Brand From Its Launch'It's so important to know that you're not left out.'
続きを読む »
Why The Covid-19 Pandemic Still Poses Significant Risks For ChildrenDr. Barry Bloom, who has fought infectious diseases around the world, discusses the impacts - both direct and indirect - that the Covid-19 pandemic will have on children around the world if timely interventions aren’t made.
続きを読む »
Why people are posting black squares on social media todayThe movement was created by two women in the music industry to highlight "long-standing racism and inequality," the movement&39;s website says.
続きを読む »