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LBRY Claims • stock-market-warning-jp-morgan-turns

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26 Feb 2021 22:07:39 UTC
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Stock Market Warning, JP Morgan Turns Bearish, Unemployment Remain Above 10%, Underwhelming Recovery
JP Morgan was just declaring how they were turning bullish on the US stock market less than two weeks ago and now they have turned decisively bearish. We take a look at what has changed their minds but to sum it up investors are way out ahead of themselves hoping for a V-shaped recovery. The bank warns any recovery will be underwhelming and typically such bullish positioning by the retail investing public is a contrarian sign for the stock market. They also said unemployment will remain stubbornly high finishing the year with a persistent 10% unemployment rate. It will be hard to stage a V-shaped recovery with small businesses failing left and right which happen to also be a main employer in the US. They also brought up the fact that typically from peak to trough in a recession there is around an 18-month window and the 2020 recession is being labeled the shortest bear market in history. We're actually tracking the stock market action we saw during the great depression. There is too much emphasis being placed on the performance of the stock market and the key is the broken US consumer. Typically we don't see such a severe shock to the main driver of the economy which is the consumer and if we can't find a way to get these people back to work any recovery will be very short-lived.
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https://www.youtube.com/watch?v=OsHNQvY9lHA
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