Thursday, August 6, 2020

a counter-intuitive thinking by the experts ...

Goldman puts a warning today that a corona vaccine approval will bring the tech stock valuation down ..
as the current valuations are based on the assumption that people will stay at home in foreseeable future ..!

theirs as well as others' analysts have been touting for higher valuations until now ... because did they assumed that the solution is not arriving in near future ..?

think about it ..!

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fed left the rates unchanged

2 yr rates drop slightly to catch up further explained by the chief that market has moved ahead raising rates and not waiting for fed action...