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.
If 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
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