May 3, 2020
Weekly Market Outlook
By Keith Schneider
After devouring the bears this month (+13% on average), the bulls needed some Tums to digest overeating this week. What happens next seems to be a coin toss.
However, two things are clear. First, there has been a rotation to small caps, and second, any country that intelligently navigates the Covid-19 virus will reap the rewards financially. So far, the winner is Taiwan by a large margin because it was out front in its early response to the virus.
Oil prices at zero is not a sign of a robust economy. Along with the Transportation sector lagging, this shows the rally is not on good footing, despite all the helicopter money.
This week’s highlights are:
Stay Safe and Best Wishes for your trading
Keith Schneider
CEO -Marketgauge.com
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