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Thread: The Dow will fall back to coronavirus crash level

  1. #1

    Default The Dow will fall back to coronavirus crash level

    Are CFOs on the wrong page?


    The Dow will fall back to coronavirus crash level below 19,000 before new high: CFO survey


    Just over half (51%) of global CFOs surveyed by CNBC expect the Dow to fall back below 19,000 before it is able to reach a new stock market high.

    A major U.S. consumer demand slump was cited by many respondents to the Q2 CNBC Global CFO Council survey.


    But there are stock market bulls, especially among U.S.-based CFOs, with roughly one-third saying the market can reach a new record level without experiencing the double dip that has many investors worried.
    https://www.cnbc.com/2020/06/01/the-...9000-cfos.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.


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  3. #2

    Join Date
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    Default Re: The Dow will fall back to coronavirus crash level

    Is the market sensitive to USA/China trade relations? I figured there would be a negative reaction to this news...but who knows...


    China tells state firms to halt purchases of major U.S. farm products: sources - Reuters

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  5. #3

    Default Re: The Dow will fall back to coronavirus crash level

    Quote Originally Posted by genod View Post
    Is the market sensitive to USA/China trade relations? I figured there would be a negative reaction to this news...but who knows...


    China tells state firms to halt purchases of major U.S. farm products: sources - Reuters
    You would have thought so. Guess the news needs to hit more mainstream TV i.e. CNBC etc so it get pumped on air although they could feel its better to pump something else.

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  7. #4

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    Default Re: The Dow will fall back to coronavirus crash level

    Video also says CFO's see only 20% of people working from home by labor day, down from 53% today. Hoping I'm in the 20%, and the kids are back to school.

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