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S&P 500 Forecast: Continues To See The 3000 Level
Article By:
Christopher Lewis
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Thursday, May 28, 2020 8:29 AM EDT
Unfortunately, far too many people worry about earnings and economic reality when they should simply look at how much liquidity the Fed is forcing into the market.
In this article: SPX
Lumber Liquidators Holdings (LL) Q1 Earnings Surpass Estimates
Article By:
Zacks Investment Research
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Thursday, May 28, 2020 8:05 AM EDT
Lumber Liquidators Holdings came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.03 per share.
In this article: LL
Swiss National Bank Ready To Buy Much More Tech Stocks To Weaken The Franc
Article By:
Tyler Durden
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Thursday, May 28, 2020 7:59 AM EDT
According to the SNB's latest 13F, as of March 31, the central bank owned $4.5 billion in Microsoft shares, $4.4 billion in Apple, $3.2 billion in Amazon, $2.7 billion in Google, and $1.6 billion in Facebook, also known as the FAAMG stocks.
"Dr. Doom" At It Again: Predicts 10-Year Depression
Article By:
Angry Bear
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Thursday, May 28, 2020 7:42 AM EDT
That would be Nouriel Roubini of NYU who got his moniker back during the Great Recession, which he called pretty well in 2006.
Eurozone Economic Sentiment Provides Mixed Signals About Recovery
Article By:
ING Economics
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Thursday, May 28, 2020 7:11 AM EDT
The economic sentiment indicator increased less than expected in May, from 64.9 to 67.5.
Nasdaq 100 Forecast: Refuses To Fall
Article By:
Christopher Lewis
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Thursday, May 28, 2020 6:56 AM EDT
At this point, it looks as if we are going to try to go to the all-time highs again, which we are not too far from seeing. In fact, it is only about 400 points or so, which at this point could happen in a span of 24 hours.
In this article: NDX
ECB President Lagarde Expects Pandemic Slowdown To Worsen
Article By:
Fullerton Markets
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Thursday, May 28, 2020 6:45 AM EDT
With ECB President Lagarde showing pessimism on the eurozone economy, we could expect further easing by the ECB next week. Short EUR/USD?
The *Optimists* Have Some Terrible News For The ‘V’
Article By:
Jeffrey P. Snider
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Thursday, May 28, 2020 6:22 AM EDT
Unemployment will peak this quarter near 16%, and then fall rather sharply over the next several years. While that sounds good, look more closely at the above unemployment rate forecast.