30.06.2020 AMAZON Daily Analysis
A stock rebound marked by Wall Street's strongest quarter in more than two decades has slowed in recent weeks, as resurgence in coronavirus cases threatens
Yayınlanma: 30 Haziran 2020 19:54
Güncellenme: 11 Kasım 2024 06:28
30.06.2020 AMAZON Daily Analysis
A stock rebound marked by Wall Street's strongest quarter in more than two decades has slowed in recent weeks, as resurgence in coronavirus cases threatens to derail the economy's recovery from a deep downturn. With the S&P 500 up 18% in the quarter ending on Tuesday and just 10% below its February record high, investors are parsing an array of factors that could weigh on stocks in the months ahead, including potential delays in reopening parts of the U.S. economy and sky-high stock valuations The rally has exacerbated some investor concerns, including the high stock valuations. The S&P 500's forward price/earnings ratio, a closely followed valuation metric, now stands at 22; it’s the highest level since the dot-com boom. We have turned neutral on equities on a strategic horizon gave the challenging backdrop for earnings and dividend Payouts.
