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Strategist on coronavirus impact on stock market, ‘I am concerned we haven’t seen the lows yet’

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Lori Calvasina, Head of UNITED STATE Equity Technique for RBC Capital Markets, joins The Last Round to discuss just how Wall Road can weather heightening volatility because of the COVID-19 outbreak.
#coronavirus #COVID -19 #stockmarketbottom
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35 Thoughts to “Strategist on coronavirus impact on stock market, ‘I am concerned we haven’t seen the lows yet’”

  1. Sean Pan

    Wise man said: Only fools drop in……

    1. Chazilla3000

      Sean Pan fools rush in….

  2. Tom

    awesome video my guy

    1. Wutang 666

      Tim yup yup

    1. Wutang 666

      Tim once again

    2. Wutang 666

      Tim like clockwork

  3. Jay

    The Great Recession
    S&P peak at 1,565 (9th October 2007)
    S&P bottom at 676 (9th March 2009)

    56.8% decline.

    2000/2001
    49% drop.

    These lows were not set in a month, this time around we have got to 30% in record time but there is plenty to come.

    Remember a 50% drop requires a 100% upswing to get you back to where you were.

    This reccession is already touted to be deeper (full economic stop, oil price war, ineffective stimulus due to it being a health not financial issue) with an unknown length (vaccine in 18-24months, possible 2nd wave and out of sync supply and demand across  the globe).

    1. Antony Stringfellow

      I think the word “stimulus” is something of a misnomer here. I hear people using the word but that’s not really what it is. It’s a rescue package.

      I don’t think we’ve seen the bottom yet which is why I’m about 90% in cash at the moment – just using the rest for a bit of swing trading as opportunities arise. I don’t think this is a good time to invest unless you have a 10 year plus horizon and are just nibbling away rather than going all-in.

      At the same time however, I think we’ll have the worst of this behind us before the end of this year – maybe in 2-3 months even. I say that because I think there’s a good chance that we’ll soon find an effective drug therapy and that the virus’ ability to spread will gradually reduce as more people have been infected and become immune. These people can no longer contribute to the spread of the disease and I know for certain that the true percentage of the population that’s been infected is far higher than reported – I’d guess in the region of 20-50X what has been confirmed and reported.

      I’m looking to get back in soon…. but not just yet.

    2. Jay

      @Antony Stringfellow completely agree, we’ll have a therapeutic for medical staff but an approved vaccine in 2 years is a long shot

    3. Jay

      @Antony Stringfellow I think it will be a grind down once the VIX dies down. A reduced curve won’t signal the end of social distance, the coming months will look for a bottom, below the march lows.

    4. Commentor1

      @Antony Stringfellow I don’t think there’s any guarantee that people will have immunity to it once they’ve already had it. No one knows how much it has mutated (and therefore how many strains there may be), and/or if you can be reinfected to a severe degree if you were to be exposed to a different strain.

  4. stephen kennedy

    Wouldn’t touch this market personally.. RUN!!!

  5. Tc Linn

    Go all in here, call options, vaccine cometh!

  6. ElonTrades

    20-30% unemployment, buy! Lmao of course this isn’t the bottom geniuses.

    1. Retire before your Boss - Free Blueprint on profile

      YES WHY DONT PPL GET THIS!!!

    2. Retire before your Boss - Free Blueprint on profile

      @Nick Foxer APEX moment is in a few weeks. market will climb while apex happens.

    3. Mia Myers

      The 4k gains since last two weeks are PURE FED pump and dump

    4. Retire before your Boss - Free Blueprint on profile

      @Mia Myers dont fight the fed. ride the trend,

  7. Mark sadler

    needs to reset and be revamped,we pay way toooo much in taxes,hurry crash would ya

  8. W B

    STABILIZED???? This stimulus package is actually “disaster relief” for unemployment. Anybody going on a cruise, to the movie theater or a baseball game?? NOPE
    Hard times ahead & most Stocks are gonna drop hard.

  9. San Diego

    this guest Lori Calvasina is one of that wisest financial mngrs i have seen in past few weeks. this is the 3rd video i have seen of her, and she is always on top of the actual issues happening. the GDP AND Economy are going to crash badly over the next 3 to 9 months, & no body knows how bad it will be before we get past the pandemic…. but it will be VERY bad. all these people “buying” a lot right now, or saying we already hit bottom, or telling people to buy the dip…. are just NOT LOOKING AT THE REALITY of what is ahead for America AND the ENTIRE GLOBE…. it will get very dire through most or all of 2020.

    1. Commentor1

      That’s sort of what I’ve been thinking. The Dow sunk to around 7,000 in Feb 2009. It’s sitting at 21,000 now, with much worse prospects than in 2009 (in particular, unemployment). It doesn’t add up, at least to me.

  10. W B

    Analysts that just graduated college during the 10 yr bull market. Have no memory or experience that markets DO crash. 10,000,000 Unemployed!!!

  11. tdot22

    These current valuations are WHERE WE SHOULD BE WITHOUT THE CORONA VIRUS, even those are too high! The valuations are still too high!! The DOW needs to come down in the 12,000 to 14,000 range to account for CoVid19

  12. Nicco Crea

    The more it dips, the more shares I get. Started a series and it’s really exciting.

  13. Tim Katsapas

    Brilliant. She is totally correct. Things are not the worst yet. The worst is definitely still to come. I’m still investing steadily none the less. Just makes sense

  14. Jaxx Brat

    Why do you need a return to historical lows?

  15. Besstiny's Child

    Haha money printer go brrrrr

  16. Sam Caldwell

    Why don’t they cancel all trading

  17. Commentor1

    0:43 Does she mean 27,500 for the Dow? Wtf is she smoking?

  18. William Crawford

    Run Forest Run

    1. Mia Myers

      I might get arrested for refusing to put a mask the next time I walk outside.

      RUN

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