"Vaccine distribution will check off all of our bear market signposts, allowing the dollar to follow a similar path to that it experienced from the early to mid-2000s."
"This is the type of nonsense that actually gets discussed now. Because everybody thinks, well, it doesn’t matter, because the federal government is going to pay for it..."
With the political juggernaut over, and earnings season mostly finished, the focus this week will be on economic data releases including retail sales and jobless claims, coupled with a barrage of speaking engagements by Fed officials.
Over 3600 the market is possibly overextended, and unless there is some material news we would anticipate a reversion back into the 3500-3600 zone much like last week.
Large number of weapons & explosives uncovered in opposition group'splot to seize power and kill the prime minister after he singed a ceasefire with Azerbaijan...
Assuming a vaccine is approved, here is a list of stocks where the largest gap exists between the current consensus expectations for 2021 EPS and pre-pandemic EPS in 2019.
Morgan Stanley believes that i) a global synchronous recovery, last seen in 2017, will unfold in 2021; ii) Emerging Markets will "board the reflation train" and iii) an inflation regime change in the US which pushes core PCE inflation to 2% in H2 2021 and sustainably higher from in 2022.
"There is certainly elevated chatter that potential shutdowns in the U.S. will weigh more in the near-term and maybe so, but investor sentiment is the most elevated since 2017."
"Our investment decision had been based on the belief that triple-A rated state firms are safe investments regardless of their fundamentals," said the chief ratings officer at a Shanghai-based bond fund. “That’s no longer the case."
