AUTHOR: TOWNE SCHERER.COM/BLOG 4/10/2020: Towne Scherer Private Wealth Management BLOG:
U vs V Shape Recovery
Not a V-Shape recovery in the markets ...but a longer time at lower levels in a U-shape recovery is what Wall Street trader Art Cashin sees, reports CNBC 4/9/2020. He believes the Fed has given the markets a breath of fresh air with their current activities.
Other notes:
Quick Covid-19 Test Needed
The economy cannot open without quick COVID-19 testing capability, according to Dr. Marc Siegel, says Fox News 4/9/2020.
17 Million Now Unemployed
Filings by 6.6 million Americans for unemployment last week, now puts the pandemic total to over 17 million, says The Washington Post 4/9/2020.
Bullish Index
And... pundits are saying as of today, 4/9/2020, ...the Bullish Index is telling us we’re overbought...
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.