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LPL: 2020’s Strong 3rd Quarter Means Stocks Will Do Fine in the 4th
When the market’s July-September period is good, the October-December one will be, too, but somewhat less good in a presidential year.
Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
David Kostin says the S&P 500 has a lot further to fall, due to the coronavirus’ nasty economic effect.
His 13.4% yearly corporate profit increase, admittedly over just three years, is bested only by Obama’s 26% over eight, CFRA’s Stovall finds.
Pummeled shares will take a lot longer to recover than normal, Allianz economist says.
Earnings growth is threatened by the epidemic, which has shut down much of China’s economy, strategist says.
Unexciting economic growth and the Chinese virus are among the ills that could ruin predictions of an electrifying rebound.