Dear Reader,
Global stock markets, US stock indices especially, have almost recovered from their steep fall in March due to the coronavirus disease COVID-19 pandemic.
I believe there will be a second fall of major global stock market indices in Europe, Asia, North America and South America if vaccine for the coronavirus is not developed before the coming winter. We could easily experience a second wave of the coronavirus.
I forecast global stock markets will continue to climb until October-November, when they will experience a second large fall due to possibly resurging coronavirus. This is what happened with the Spanish flu and could easily happen again with the coronavirus.
Until the coming October-November technology stocks like Amazon, Zoom Video, Zynga, Electronic Arts, Roku, Netflix, Snap, Pinterest, Spotify etc. will continue to outperform. Energy, banking and other value stocks will recoup much of the lost ground. I prognosticate the fall of global stock market indices in October-November 2020 could again be about 30%.
Disclaimer: The blogposts and
comments on this blog and posts on social networks(Twitter, LinkedIn, Facebook
etc.) are not investment recommendation, are provided solely for
informational purposes, and do not constitute an offer or solicitation to buy
or sell any securities. The opinions expressed on the blog are Petar
Posledovich's. Petar Posledovich does not
guarantee the accuracy of the information presented on this blog and social
networks. The information presented is "as is".
Petar Vladimirov
Posledovich is not liable for any investment losses incurred by reading and
interpreting blogposts on this blog and posts on social networks.
Conflicts of interest: I may
possess some of the securities, currencies or their derivatives mentioned in
the blogpost and
posts on social networks(Twitter, LinkedIn etc.)!
Respectfully yours,
Petar Posledovich
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