HERE IS HOW HIGH THE STOCK MARKET MAY GO AFTER A DIP $AAPL $AMZN $DDOG $DIA $DJIA $FB $FSLY $GLD $IAU $GOOG $MSFT $NDX $QQQ $SPX $SPY $GOOGL
Investors are asking me how high can this stock market go.
The July employment report, released Friday, is providing a relief for the stock market. Nonfarm payrolls came at 1.46 million. Normally I compare economic data with the consensus forecast. In this case the forecasts were all over the place. The key point is that optimists have proven to be right.
President Trump has banned TikTok and WeChat. In a normal market, this would be bad news for the stock market. However, in this market, bad news is good news. The momo (momentum) crowd is excited about Facebook FB replacing TikTok.
August 7, 2020