U.S. stock markets continue to build on optimism of a vaccine-driven return to normalcy and corporate profit recovery, with expectations for greater fiscal stimulus under Democrat-controlled government. To a large extent we think the market reaction has been justified.
The visibility of economic growth in the medium term has improved recently now that the election is behind us, while vaccine development has been much better than expected, and with it the confidence in the outlook for corporate profit growth has improved.
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Your Market News update for May 30, 2019 | View online Market News News that's moving the market now As Trade-War Worries Linger, Market Seems to Lack Buying Conviction May 30, 2019 8:40 AM | JJ Kinahan 6 min read | Daily Market Update