TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Pro talks macro environment: ‘very little visibility’

by souhaib
October 27, 2020
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

  • The near-term macro environment does not look favorable for investors.
  • Soaring COVID-19 cases, absense of stimulus clarity, the U.S. election are to blame.
  • It is “troubling” how few companies issued guidance, according to one pro.

The two key traits investors look for to conclude the macro environment is stable include growth and stability, Cornerstone Macro Chief Investment Strategist Michael Kantrowitz said Tuesday morning on Fox Business.

‘Very little visibility’

The unfortunate reality is surging COVID-19 infection rates across the globe are rising, U.S. stimulus efforts appear to have stalled, and the hotly contested presidential election is now just days away, Kantrowitz said. As such, there is “very little visibility” that the macro environment will show signs of stability.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

This begs the question if investors should take advantage of the now two-day weakness and the answer isn’t a straightforward yes.

Investors may want to buy the dip in companies with strong fundamental companies although it is certainly not time to “swing for the fences,” he said. The fact is the macro environment won’t “turn around on a dime” and patience is needed to wait for a broader-based economic recovery.

Investors looking for a bit more stability in their portfolio may want to consider investing in exchange traded funds like the SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA). Here is a guide on how to invest in ETFs.

Growth equation

The growth part of the equation is just as unclear and comes at a time when the stock market has performed very well since bottoming in March. At the time of the interview’s recording, 140 companies have reported their earnings but it is “troubling” the large number of companies that forego any form of guidance.

The absence of guidance implies investors are left guessing how much or if a company will grow in the near-term and into the new year and beyond.

Easy money already made

The easy money in the market has already been made in reaction to large-scale stimulus measures in reaction to the economic disruption caused by the COVID-19 pandemic, CMC Markets Chief Market Analyst Michael Hewson added to the conversation.

Similar to what Kantrowitz said, the macro environment looking forward remains uncertain, even after U.S. and global banks reported encouraging results, Hewson said. 

Meanwhile, expectations for new stimulus injections from the U.S. government are minimal while European leaders agreed on a stimulus package of their own but it has yet to be ratified, he said. In fact, current estimates only call for the package to be ratified and finalized in the first quarter of 2021.

As such, it is “important” for investors to understand now is not the time to rush back into stocks at this time.

“We are going to endure a significant amount of volatility as we head into year-end,” he said. “So I would put a lot of money into cash and wait for opportunities to present themselves.”



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Dallas Cowboys trade DE Everson Griffen to Detroit Lions

Next Post

Pro talks macro environment: ‘very little visibility’

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

Pro talks macro environment: ‘very little visibility’

No Result
View All Result

Recent Posts

  • The Eagles in Hyde Park: Moment fight breaks out during BST gig as band performs ‘Take it Easy’
  • What is Roe vs. Wade? This is the ruling that decriminalized abortion in the United States
  • Impossible to extend the term for legitimation of contracts, we would be in “contempt”: CFCRL
  • The Hindu: How has politics spoiled the Indo-Pakistani literary facade? | culture
  • Donald Trump’s Obsession With Crowd Size Marked First And Last Days As President

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide