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

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

$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 Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge. Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it 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.