June 15, 2020
At 4:40 AM today, Monday, June 15, 2020, Eastern Time (ET) the US stock futures fall more than 1.5% for the major stock indices.
Stock futures
S&P Futures: 2,968.50,-66.25(-2.18%)
Dow Futures: 24,857.00,-679.00(-2.66%)
Nasdaq Futures: 9,475.75,-169.25(-1.75%)
Russell 2000 Futures: 1,345.60,-37.60(-2.72%)
Stock market today may open lower
The latest stock futures data point to lower open for the stock market today. The main reasons for this lower open today for the stock market could be due to the following reasons:
“Stock futures sank Sunday evening as investor jitters over rising coronavirus cases in key parts of the country stirred up an extension of last week’s pullback in equities.
Last week, stocks posted their first weekly loss in a month, with a steep selloff on Thursday comprising much of the weekly decline. The plunge, which came on the heels of a more than 40% run-up in the S&P 500 since March, came after new data showed rising coronavirus case and hospitalization counts in states that were among the first to reopen businesses, and after the Federal Reserve delivered a grim forecast for economic activity in the near-term.
Market participants continued to eye coronavirus cases across the country for signs of resurgences.”
Source: https://finance.yahoo.com/news/stock-market-news-live-june-15-2020-222141593.html
Important economic news this week
The US retail sales and industrial production figures are important economic indicators about the state of the US economy. As the US stock market made an impressive rebound off the lows in March 2020 in a period of uncertainty, fear, bad economic news, ignoring an almost certain economic recession, the fact that there is now profit-taking is justified. Investing in stocks is about knowing when to make money and book profits. Stock market volatility may be a dominant theme during summer, expecting further important economic news such as the GDP growth rate.
Stock investing
Stock market commentary June 20, 2020
June 20, 2020
Stock market commentary
Interesting stock market commentary, stock market opinion about where the US stock market and stocks may be headed. Investing in stocks is challenging and risky, the valuation of stocks is a top important factor never to ignore.
‘La la land?’ The stock market is ‘insanely disconnected’ and due for a ‘reckoning,’ Warren Buffett buff warns
“That is Jeremy Grantham, co-founder and chief investment strategist at Boston-based money manager Grantham, Mayo, Van Otterloo & Co., offering up a stark warning to speculators driving the stock market to new heights amid the greatest pandemic of the past century.
“This is really the real McCoy, this is crazy stuff,” said Grantham during a Wednesday afternoon interview on CNBC that appeared to knock some of the stuffing out of a market that had been drifting along listlessly on Wednesday.
Gratham painted a very dire picture of the investment landscape in the U.S., suggesting that rampant trading by out-of-work investors and speculative fervor around bankrupt companies, including car-rental company Hertz Global Holdings Inc. HTZ, -3.88%, reflects a market that may be the most bubblicious he’s seen in his storied career.”
Source: https://www.marketwatch.com/story/the-markets-in-la-la-land-and-one-warren-buffett-buff-warns-of-an-imminent-reckoning-for-oblivious-investors-2020-06-18?siteid=yhoof2&yptr=yahoo
Stock-market legend who called 3 financial bubbles says this one is the ‘Real McCoy,’ this is ‘crazy stuff’
“My confidence is rising quite rapidly that this is, in fact, becoming the fourth, real McCoy, bubble of my investment career. The great bubbles can go on a long time and inflict a lot of pain but at least I think we know now that we’re in one. And the chutzpah involved in having a bubble at a time of massive economic and financial uncertainty is substantial.’
That is Jeremy Grantham, co-founder and chief investment strategist at Boston-based money manager Grantham, Mayo, Van Otterloo & Co., offering up a stark warning to speculators driving the stock market to new heights amid the greatest pandemic of the past century.
“This is really the real McCoy, this is crazy stuff,” said Grantham during a Wednesday afternoon interview on CNBC that appeared to knock some of the stuffing out of a market that had been drifting along listlessly on Wednesday.
Gratham painted a very dire picture of the investment landscape in the U.S., suggesting that rampant trading by out-of-work investors and speculative fervor around bankrupt companies, including car-rental company Hertz Global Holdings Inc. HTZ, -3.88%, reflects a market that may be the most bubblicious he’s seen in his storied career.”
Source: https://www.marketwatch.com/story/stock-market-legend-who-called-3-stock-market-bubbles-says-this-one-is-the-real-mccoy-this-is-crazy-stuff-2020-06-17?mod=mw_more_headlines
Investing
Both of these investing opinions warn about a potential bubble for US stocks, and the dangers of stocks to buy now. However, even in bubbles, not all stocks are defined as stocks to sell. Stocks that have poor fundamentals, and their stock price has moved to higher levels based on the FOMO effect have more chances of being subject to a selloff. Stock investing, stock trading, stock picking will be challenging as we are waiting for important economic news to be released such as the real number for the second-quarter GDP, and the extend of the US economic recession.