SPX: SARS-CoV-2
Updated
Hi Guys,
interesting to note SPX 2020 price targets expected by Wall Street's top strategists at the end of 2019s:
BofA (Savita Subramanian) 3300
Barclays (Maneesh Deshpande) 3300
Goldman Sachs (David Kostin) 3400
JPMorgan Chase (Dubravko Lakos-Bujas) 3400
Credit Suisse (Jonathan Golub) 3450
Citigroup (Tobias Levkovich) 3375
Wells Fargo (Chris Harvey) 3388
Deutsche Bank (Binky Chadha) 3250
(source: finance.yahoo.com/news/wall-street-strategist-forecast-for-sp-500-in-2020-211002824.html)
There is no doubt that SARS-CoV-2 is playing a major role in this market downturn but interesting to note that it still made it to 3400 on Feb 20, 2020 before dropping. Right where a lot of Wall Street's top Banks and Hedge Funds met their 2020 targets and probably took their profits.
Please share your views or comment and if you have any questions please do not hesitate to ask.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
interesting to note SPX 2020 price targets expected by Wall Street's top strategists at the end of 2019s:
BofA (Savita Subramanian) 3300
Barclays (Maneesh Deshpande) 3300
Goldman Sachs (David Kostin) 3400
JPMorgan Chase (Dubravko Lakos-Bujas) 3400
Credit Suisse (Jonathan Golub) 3450
Citigroup (Tobias Levkovich) 3375
Wells Fargo (Chris Harvey) 3388
Deutsche Bank (Binky Chadha) 3250
(source: finance.yahoo.com/news/wall-street-strategist-forecast-for-sp-500-in-2020-211002824.html)
There is no doubt that SARS-CoV-2 is playing a major role in this market downturn but interesting to note that it still made it to 3400 on Feb 20, 2020 before dropping. Right where a lot of Wall Street's top Banks and Hedge Funds met their 2020 targets and probably took their profits.
Please share your views or comment and if you have any questions please do not hesitate to ask.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Note
Note
Here please find an article that may explain what happened last Friday in the final hour just before market closed: zerohedge.com/markets/someone-big-was-utterly-blown-fk-out-heres-reason-behind-todays-unprecedented-vix-moveNote
Here please find an article that look for signs of a bottom: investing.com/analysis/-200513909
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Disclaimer
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