The Dow will fall back to coronavirus crash level

[tsptalk]

Are CFOs on the wrong page?


The Dow will fall back to coronavirus crash level below 19,000 before new high: CFO survey

Just over half (51%) of global CFOs surveyed by CNBC expect the Dow to fall back below 19,000 before it is able to reach a new stock market high.

A major U.S. consumer demand slump was cited by many respondents to the Q2 CNBC Global CFO Council survey.


But there are stock market bulls, especially among U.S.-based CFOs, with roughly one-third saying the market can reach a new record level without experiencing the double dip that has many investors worried.

https://www.cnbc.com/2020/06/01/the...coronavirus-crash-level-below-19000-cfos.html

 

[genod]

Is the market sensitive to USA/China trade relations? I figured there would be a negative reaction to this news...but who knows...


China tells state firms to halt purchases of major U.S. farm products: sources - Reuters

 

[quabit]

Is the market sensitive to USA/China trade relations? I figured there would be a negative reaction to this news...but who knows...


China tells state firms to halt purchases of major U.S. farm products: sources - Reuters

You would have thought so. Guess the news needs to hit more mainstream TV i.e. CNBC etc so it get pumped on air although they could feel its better to pump something else.

 

[Bullitt]

Video also says CFO's see only 20% of people working from home by labor day, down from 53% today. Hoping I'm in the 20%, and the kids are back to school.