Weekly economic and financial commentary
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United States: Another Week, Another Strong Showing from the U.S. Consumer
Robust retail sales data were the main story on the U.S. economic data
front thi...
36 minutes ago
The econ data for most of June will be very good as cities opened up in US. But this is countered by growing concerns over the accelerating virus cases & how bad will re-lockdowns be, if any.
ReplyDeleteIf just some minor re-lockdowns here & there, then stocks may not care. Investors also monitoring real-time data of human traffic in commercial areas to see whether people are becoming scared again & reducing going out / buying things etc.
As for local stocks, I think speculators will bid them up, especially GLCs, as they price in a PAP bumper results. Followed by profit taking next week. Classic buy the rumour sell the news. :P