Need to Know: Stocks have ‘sufficient tailwind’ to climb higher, so keep buying, Credit Suisse advises [MarketWatch]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: MarketWatch
Stocks have â??sufficient tailwindâ?? to climb higher, so keep buying, Credit Suisse advises One even mildly bullish Friday 13th session could break some stock records. And why not, now that the European Central Bank has released the stimulus bazooka, the Fed is all but expected to cut rates next week and thereâ??s more upbeat trade chatter. Incidentally, U.S-China trade hopes have added 2,000 points to the Dow in just a few weeks, notes Slope of Hope blogger Tim Knight. â??I just want to quietly point out that the last time we went through this charade, it was all about the magical date December 3rd. And that day marked to the millisecond the point when the market resumed its downtrend,â? Knight says . Read: A fear of rate surprises, Trump tweets has companies racing to issue cheap debt Also uneasy is Blackstoneâ??s chief investment strategist Joseph Zidle, who told CNBC that markets may be pricing in a perfect â??Goldilocksâ? scenario â?? more Fed cuts and a trade deal. Read:
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