Thursday, July 16, 2020 1:56:23 AM
S&P500 at major resistance 3200
https://www.cnbc.com/2020/07/15/stock-market-futures-open-to-close-news.html
With Wednesday’s gain the S&P 500 is now less than 5% away from recovering its February all-time high level, although some investors believe the the rally has run too far, too fast, given all the uncertainties that remain in the market.
“We are not out of the woods yet and are still far away from returning to pre-COVID-19 economic levels,” said Nate Fischer, chief investment strategist at Strategic Wealth Partners.
“The market is in need of a healthcare solution, as the economy was forced to shut down for a healthcare issue. So far, we’ve had fiscal and monetary assistance to this problem. Until a real medical remedy is found, the market will remain volatile,” he added.
https://www.cnbc.com/2020/07/15/stock-market-futures-open-to-close-news.html
With Wednesday’s gain the S&P 500 is now less than 5% away from recovering its February all-time high level, although some investors believe the the rally has run too far, too fast, given all the uncertainties that remain in the market.
“We are not out of the woods yet and are still far away from returning to pre-COVID-19 economic levels,” said Nate Fischer, chief investment strategist at Strategic Wealth Partners.
“The market is in need of a healthcare solution, as the economy was forced to shut down for a healthcare issue. So far, we’ve had fiscal and monetary assistance to this problem. Until a real medical remedy is found, the market will remain volatile,” he added.
My post is for Your Eyes only and my entertainment
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