Markets were mixed on Tuesday.
The S&P 500 fell 0.2 percent and the Shanghai Composite fell 1.2 percent. However, the STOXX Europe 600 rose 0.6 percent.
Tom Essaye, founder of Sevens Report, said in a note Tuesday that “at least in the near term, complacent/frothy investor sentiment is the biggest near-term risk to stocks”.
“The combination of virus containment and policy support should bolster economic growth this year,” said Lauren Goodwin, economist and portfolio strategist at New York Life Investments.
Indeed, the International Monetary Fund raised its forecast for global economic growth in 2021 on Tuesday and said the coronavirus-triggered downturn in 2020 would be nearly a full percentage point less severe than expected.
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