The US the economy has started to benefit from a V-shaped recovery
Markets are benefiting from both liquidity and optimism that the C-19 coronavirus chaos will fade away or be contained. But, it take some time before we come all the way up and get back to Y 2019 marks.
Hedge fund manager Bill Ackman said he believes the recovery will begin by year-end and a normalization of the economy in 2-H of Y 2021. Mr. Ackman said he sees gradual improvement on all fronts with so many resources poured into the medical emergency crisis.
This ultra low-interest-rate environment is providing Cheap Money to Wall Street and companies in need, Wall Street likes Cheap Money.
Monday, the major US stock market indexes finished at: DJIA +153.50 at 26024.98, NAS Comp +110.35 at 10056.48, S&P 500 +20.12 at 3117.73
Volume: Trade on the NYSE came in at 1.1-B/shares exchanged
- NAS Comp +1.1% YTD
- S&P 500 -3.5% YTD
- DJIA -8.8% YTD
- Russell 2000 -14.1% YTD
HeffX-LTN’s overall technical outlook for the major US stock market indexes is now Bullish with a Very Bullish bias.
Looking Ahead: Investors will receive the New Home Sales report for May Tuesday
Have a healthy day, Keep the Faith!