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Home / Business / An investment leader said that because investors have little hope of COVID-19 under control, the S&P 500 index will fall by 20% before the inauguration.

An investment leader said that because investors have little hope of COVID-19 under control, the S&P 500 index will fall by 20% before the inauguration.



James Macdonald
  • S&P 500 Hercules Investments CEO James McDonald (James McDonald) said on Wednesday that as investors now have no hope of containing the coronavirus, they will fall by a further 20% before the inauguration.
  • McDonald’s said: “We think the inventory will drop another 10-20% from here.”If the Standard & Poor’s 500 Index falls below 3,200 points before the election, it may fall another 1
    2% to 2,890 points in the next step. “
  • The benchmark index closed at 3,271 on Wednesday, the lowest level since late September.
  • McDonald’s told investors that volatility is currently the only asset class with significant upside potential.
  • Visit the Business Insider homepage for more stories.

“The stock market tells us that COVID-19 will not disappear anytime soon.”

According to James McDonald, Chief Executive Officer and Investment President of Hercules, he said on Wednesday that the S&P 500 index may be inaugurated in January due to the surge in the US coronavirus and the lock-in in Europe. It fell another 20% before. Come down again.

The benchmark index fell as much as 3.6% in Wednesday’s trading to close at 3,271, the lowest level since late September. McDonald’s said that the market turmoil is not over yet.

MacDonald said: “Now people’s expectations that COVID-19 will be contained have disappeared, and we are seeing stocks drop another 10-20% from here.” “We believe that if the S&P 500 index falls below 3,200 before the election , Its next step may fall another 12% to 2,890 points.”

read more: “The path to financial implosion”: A notorious market bearer says that the Fed has laid the groundwork for a 67% stock plunge-and warns that zero returns will be negative for the next 12 years

The investment leader’s trading strategy allowed him to profit from market volatility at the peak of the crash in March. Since then, he has been in turmoil and told investors that this is currently the only asset class with significant upside potential.

McDonald’s said: “Even after today’s 20% surge, we still believe that there is still more room for volatility between now and the general election. We believe that volatility after the general election will even rise further and go longer. The time has no clear result.”

He added that “work-from-home” stocks such as Zoom and Docusign are reliable long-term investments, even though the market currently shows “extremely bearish signals” for stocks.

read more: The market wizard Tom Baldwin (Tom Baldwin)’s initial transaction price was US$25,000, which has now increased to US$30 million. He shared 6 eternal trading rules that helped him become a millionaire before the end of the first year.


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