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Wall Street continues to extend the rebound and goes for the fourth consecutive session in green


Wall street He is going for a winning streak of four consecutive sessions in green. The main US indices have dawned with increases and continues with the extension of the rebound after previous strong corrections. Good retail sales, the first coronavirus drug to make the difference between life and death … there are again reasons for optimism.

Excluding Automobiles, retail sales in the world's leading economy rebounded by 12.4%, well above the expected rise of 5.5% and the fall of 15.2% recorded in April.

Sales of the Control Group, which directly affect the calculation of GDP, have recovered by 11% and They have far exceeded the forecast of 4.7%, after the 12.4% decrease in April.

"It's hard to drown a market with such a sustained uptrend with dips," experts at Leuthold Group to CNBC. "After the 7% correction, the market has again been bombarded with good news," they say.

In terms of monetary policy, this Wednesday ends the intervention of two days of Jerome Powell, president of the Federal Reserve. Regarding the country's politics, the protests after the death of George Floyd They are losing strength and the fear of a flare-up, too. But with a small print.

"The attitude of many Americans seems to be that they are fed up with the virus, but the virus has not yet killed them," they point out from Swan Global Investments. "The market rally is supported by the fact that the worst is over, but local outbreaks can challenge that optimism," they warn.

Across the Atlantic, the Ibex turns green next to the rest of Europe and extends its rally on Tuesday. The selective Spanish has managed to turn around in the middle of the session. Finally, in Asia, the stock markets have closed to a large extent also clinging to the green.


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