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Equities have reached a "significant inflection point" as the major indexes hit fresh highs amid poor market breadth, according to Piper Sandler. The firm forecasts the next 10% move in the equity market to move lower, rather than to rise. Stocks are "poised to either 'top out or broaden ...
that we just muddle along for an entire year and the market stays fairly range bound," he said. "You'll have seven stocks that do really well but not all the stocks are going to do well."
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Pre-marketMarket openAfter-hours Dow Index 44,424.25 Change - 140.820.32% S&P 500 Index 6,101.24 Change - 17.470.29% NASDAQ Index 19,954.30 Change - 99.380.50% Ad Feedback Today's hot stocks ActiveGainersLosers PriceChange% ChangeVolume52-week range ...
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Today's stock market gains come despite all the election uncertainty, but may suggest optimism for a second stimulus package down the line. Nov 4, 2020 Market Strategist Warns 'Pain Felt On Main Street Quite Distinct From What's Reflected In Stock Market' ...