Sunday, May 10, 2020

Weekly Outlook

BOTTOM LINE: I expect US stocks to finish the week modestly lower on global recession fears, oil weakness, disappointing economy re-opening data, European/Emerging Market/US High-Yld debt angst, coronavirus 2nd wave worries and rising China tensions. My intermediate-term trading indicators are giving bearish signals and the Portfolio is 50% net long heading into the week.

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