Home 2020 US Seeing a ‘Big V-shaped’ Economic Rebound Ahead

US Seeing a ‘Big V-shaped’ Economic Rebound Ahead

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$DIA $SPY $QQQ $RUTX $VXX

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!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.