facebookWhat is going on in the US markets with the recent 3 day rally amidst news of high unemployment rate? What are your personal take on where the market will head from here? - Seedly
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Anonymous

02 May 2020

What is going on in the US markets with the recent 3 day rally amidst news of high unemployment rate? What are your personal take on where the market will head from here?

How will this affects markets around the world?

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    What are your thoughts?

    Short covering.

    If I had to guess on second question, likely to head lower. Numbers for next quarter have yet to be realized. I put money where my mouth is by reducing my DCA amounts.

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      I believe its quarter end and the balanced funds are just rebalancing their portfolios. Also the spx is hitting previous resistance which is now a support, so there will be consolidation. For me I think its short term and the markets are headed much further down. Just my opinion.

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        Lim Boon Tat

        Lim Boon Tat

        02 May 2020

        Level 11ยทMathematics at Cambridge University

        Recession is already here, and the question now is whether it's going to turn into a depression. If ...

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