MW: Stock-market investors bank on earnings growth running triple the norm – economist
MARKETWATCH reports: Earnings growth expectations have been running hot, fueled by optimism around artificial intelligence. But ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
INVESTOPEDIA‘s Deborah D’Souza writes:
As of yesterday’s close, 98% of S&P 500 stocks were trading above their 50-day moving averages, boosted by reopening hopes and the much better than expected jobs report. The S&P 500 has officially wiped out its 2020 losses, and other global markets have seen massive gains in two months. The MSCI All World Index trades at more than 20 times 2020 earnings, the highest level since 2002.
Citigroup’s panic/euphoria model is showing sentiment at the most “euphoric” since 2002 (dot-com bubble era). “We are concerned that thoughtful approaches are being overwhelmed by the need to at least keep pace with price moves,” said the bank’s analysts. “People are ignoring joblessness, trade friction, social unrest, and risks that loom including possible Covid-19 reinfections, the end of bonus supplemental unemployment checks and the upcoming elections.”
To read the full post, please click here.
You may also want to read this: “Dow opens more than 800 points lower as U.S. coronavirus cases rise, after Fed’s grim economic outlook“.
Crew member dies as Maersk Frankfurt catches fire on maiden voyage
Maersk Frankfurt owner declares General Average, as fire-fighting continues
More danger to box ships as Houthis expand Red Sea attack arena
Bangladesh 'jam-packed' with cargo as curfew and internet restrictions continue
K+N eyes more cost-cutting after first-half profit and market share declines
'Last chance' for US importers to stock up before possible east coast port strike
New FMC regulation rules out carrier 'lame excuses' for rolling cargo
Maersk Frankfurt heads for open water as container fire subsides
Comment on this article