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Re: Stocks Rise As Q4 GDP Growth Estimates Decline

By: DGpeddler in POPE 5 | Recommend this post (0)
Tue, 19 Nov 19 5:48 PM | 18 view(s)
Boardmark this board | Pope 5 		Msg. 44933 of 62138
(This msg. is a reply to 44898 by capt_nemo)
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Retail stocks fall after earnings come out. Shocked




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The above is a reply to the following message:
Stocks Rise As Q4 GDP Growth Estimates Decline
By: capt_nemo in POPE 5
Tue, 19 Nov 19 4:05 AM 		Msg. 44898 of 62138

We know that stocks are rallying because of hopes for a cyclical recovery in 2020. However, it is still amazing to watch stocks continue to rally, even as they are overbought, while some Q4 GDP growth estimates fall below 1%. The S&P 500 is up 24.48% year to date as of Friday in part due to trade deal hopes and an expected cyclical recovery. The S&P 500 has experienced 28 trading days without back to back losses. That’s the longest streak in almost eight years. The VIX has been below 15 for 25 days. The 2019 high streak is 26 days. There was a 66 day streak prior to the 20% correction in Q4 2018.

http://www.investmentwatchblog.com/stocks-rise-as-q4-gdp-growth-estimates-decline/

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