Quite an April on Wall Street
Wowzas, take a looksy at this:
What a month in April out on Wall Street.
HUUUUUUGE!
Can anyone say "rebound"? (at least until the next thing happens to make the market go all wonka)
However, a lack of an all-clear on the pandemic front, coupled with worrisome technical and sentiment indicators, lead many Wall Street pros to believe the market is getting way ahead of itself.
“Beware of the oddity in this bear rally,” Andrew Lapthorne, global head of quantitative research at Societe Generale, said in a note Thursday. “Given the overall negative undertone from the economic challenges ahead, the dramatic reversal of global markets after the pandemic lows is more puzzling.”
(https://www.cnbc.com/2020/04/30/stocks-are-headed-for-their-best-month-in-decades-yet-most-of-wall-street-hates-this-rally.html)
Grace & Peace & Love to you all -
Matt
(click to enlarge)
What a month in April out on Wall Street.
HUUUUUUGE!
Can anyone say "rebound"? (at least until the next thing happens to make the market go all wonka)
However, a lack of an all-clear on the pandemic front, coupled with worrisome technical and sentiment indicators, lead many Wall Street pros to believe the market is getting way ahead of itself.
“Beware of the oddity in this bear rally,” Andrew Lapthorne, global head of quantitative research at Societe Generale, said in a note Thursday. “Given the overall negative undertone from the economic challenges ahead, the dramatic reversal of global markets after the pandemic lows is more puzzling.”
(https://www.cnbc.com/2020/04/30/stocks-are-headed-for-their-best-month-in-decades-yet-most-of-wall-street-hates-this-rally.html)
Grace & Peace & Love to you all -
Matt
