Barron’s: “The Dow Gained 580 Points Because No One Knows If the Stock Market Is Going Up or Down”
By datatrekresearch in IN THE NEWS
Excerpt from Barron's quoting DataTrek's Nick Colas:
.... "That’s a fancy way of saying the market is sending mixed messages—and investors are receiving them loud and unclear. In a survey of 341 investors, DataTrek found no clear consensus about how the S&P 500 market would finish 2020. Up more than 10% from here Friday’s close garnered 20% of the vote, while 21% said the market would rise 5% to 10%, 21% said within 5% of current levels, 18% said down 5% to 10% from here, and 19% said down more than 10%. That’s just about one-fifth of respondents putting themselves in each of the five baskets. “The bottom line is that we’re in a conviction-less market,” writes Nicholas Colas, co-founder of DataTrek Research"....
Read the full article here in Barron's!
