A day after Wall Street suffered its worst one-day drop since the financial cris...
NEW YORK - A day after Wall Street suffered its worst one-day drop since the financial crisis, investors are faced with an unfamiliar dilemma: bet that stocks will bounce back from the cusp of a bear market, or avoid scooping them up for now over fears they are far from a bottom.
Three-fourths of S&P 500 companies had dividends yielding above the 10-year Treasury note as of Friday, according to commentary from U.S. Bank Wealth Management, “providing investors with both income and longer-term price appreciation potential.” “Even if we were to see further weakness near term, markets would still be up double-digits from level a year later, if past precedent holds,” Lerner said.
“A durable bottom in stocks requires neutralizing the virus’ negative economic and earnings impact,” Alec Young, managing director of global markets research at FTSE Russell, said in emailed commentary. “The virus has injected huge uncertainty around consumer spending, the job market and business sentiment.”
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