Wall street refuses to correct and the Nasdaq has conquered the barrier of 11,000 points for the first time in history (Dow Jones + 0.69%; S&P 500 + 0.64%; Nasdaq + 1%). The selective technology is revalued a 2. 3% so far this year and continues to lead the preferences of investors. In addition, the S&P 500 it caresses its February record and trades above 3,330 points.
With US equities at these valuation levels, many are wondering where indices can go from current levels. Goldman sachs it anticipates a "wide and flat" lateral range, determined by weaker yields and higher volatility, according to the entity's director of asset allocation, Christian Mueller-Glissmann.
For its part, Morgan stanley considers that the market is underestimating the risks of a significant rebound in inflation after the stimuli applied by the governments and the central banks to fight against the effects of the coronavirus. "With the United States and global economies in the midst of one of the deepest recessions and output gaps on record, Most of the investors we spoke to have rejected our alert about higher inflation risks"their analysts have pointed out.
One of the most bullish values of the day has been Facebook, which skyrockets 5% to a new high at $ 263, giving it a valuation of $ 709 billion.
On an economic level, investors are aware of the weekly unemployment data while Congress continues to negotiate a new stimulus package for the unemployed and the economic sectors hardest hit by the pandemic.
This Friday the Employment Report July and the consensus expects the creation of 2 million jobs and a drop in the unemployment rate to 10%.
And in other markets, the West Texas oil falls 1% to $ 41.73, while the euro it depreciates 0.2% and changes to $ 1.1835. In addition, the profitability of the 10-year American bond falls to 0.51%.
And special mention for him gold, which has confirmed the overcoming of $ 2,000 and trading at $ 2,060 per ounce. So far this year alone, the precious metal has appreciated more than 33%.
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