The crisis goes on; however, it is time to choose the stocks worth buying. It is rather difficult to find the bottom of the stock market; nonetheless, in our situation, the coronavirus data will be the hint. Special attention should be paid to China, where the virus first appeared.
The virus spreading across the globe has been the main market driver for several weeks. It seems like since 2014 there has not been anything similar, influencing both the worlds of fiat and crypto money.
The S&P500 index is renewing its historical maximums. All seems to go well but analysts keep mentioning yet another wave of crisis that should have come a year ago; however, falling of the stock indices is postponed all the time. In the end, those traders who accumulated short positions are made to close them, pushing the price up.
This week investor attention on the market will be attracted to the reports of such widely known companies as Alphabet (NASDAQ: GOOG), McDonald’s (NYSE: MCD) and Starbucks (NASDAQ: SBUX). Let us have a look at these companies and study the market expectations about them.
In an article posted in April, we expected the S&P500 to reach a record high and then correct, with the investors seeing no reasons for the index to go further up.