Expect a 30% Market Drop Overall, Goldman Warns
David Kostin says the S&P 500 has a lot further to fall, due to the coronavirus’ nasty economic effect.
David Kostin says the S&P 500 has a lot further to fall, due to the coronavirus’ nasty economic effect.
Strong tech outfits like Apple and Facebook help American equity returns power ahead of other nations’ markets.
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.
The effect of the outbreak has been ‘exaggerated,’ hedge fund honcho declares.
Unexciting economic growth and the Chinese virus are among the ills that could ruin predictions of an electrifying rebound.
While small names have done OK, they suffer from factors like a possibly weakening dollar, the firm’s John Lynch argues.
S&P 500, aside from yesterday’s rally, has dipped up to 13% due to epidemics, Citi says.
Former Legg Mason manager, slammed in crisis, sees holdings surge 120%.
But then he expects a rebound that will send the market up again in the second half.
A so-so economy, low earnings growth, an un-inverted yield curve, and a stand-pat Fed are part of the mix for a ho-hum year.