TWELVE oclock TUESDAY – 1/28/2020 Stock Market Report
Updated: Feb 5, 2020
Still bullish, for now …
It's difficult to assess the impact of an event like this coronavirus. It came from out of nowhere, but as the initial alarm wears off as the authorities attempt to deal with the disease, fear decreases. And as fear decreases, this too shall pass.
However, we need to watch developments the rest of the week – not just coronavirus developments, but also the economic and earnings reports. Are the economic/earnings reports as favorable as before? In other words, will we return to conditions that existed before the viral outbreak? Will the virus get handled? Both of these things would have to return to normal for the markets to return to normal.
So, unless things go south, the bullish trend is likely to continue.
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Opinions voiced in this post are for general information only and are not intended to provide specific advice or recommendations for any individual, without complete knowledge of that individual’s total financial profile. To determine what is appropriate for you, consult a qualified professional financial advisor. No strategy assures success or protects against loss.