Andy Wang on Reuters TV

Andy Wang on the Financial Markets, Jobs, and Earnings

Andy Wang says the massive liquidity and government stimulus measures can drive the market higher in the third quarter. But he tells Reuters' Fred Katayama the markets could also encounter some choppiness in the upcoming earnings season.

Highlights include:

  • Low inflation and tons of liquidity will allow the economy to slowly recover but with a greater disparity between winning and losing sectors.
  • Technology has performed strongly year-to-date with the Nasdaq up +14%. The Russell 2000 (small cap) is down -15% in the same period.
  • 5 big stocks - Apple, MSFT, AMZN, GOOG, FB make up 44% of technology index Nasdaq 100 and 21.6% of S&P 500 index.
  • S&P 500 earnings forecasts currently assume a V-shaped recovery
  • ADP  jobs report showed private sector rehired 2.4mm workers in June, many in the service sector.
    • Revised from 2.8 million job losses to gain of 3.1 million in May.
    • As economy reopens, workers are being rehired.
    • Many businesses still not operating at full capacity so continued weakness is likely.

Hire a Better Adviser Checklist

What are your thoughts on the resilience of the stock market and risks ahead?

Share This Story, Choose Your Platform!

About the Author: Andrew Wang

Andrew Wang


Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Runnymede Capital Management, Inc.-"Runnymede"), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Runnymede.  Please remember that if you are a Runnymede client, it remains your responsibility to advise Runnymede, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Runnymede is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Runnymede's current written disclosure Brochure discussing our advisory services and fees is available for review upon request. Please Note: Runnymede does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Runnymede's web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Search Website

Annuity Review Database

Follow Our Podcast

Google Podcasts
Apple Podcasts

Recent Posts