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Only a few companies reported any material impact because of coronavirus. I recall SBUX, NKE, UA reporting decreased sales in the 1st quarter of 2020 during the
by quickthrowman 7y ago
Only a few companies reported any material impact because of coronavirus. I recall SBUX, NKE, UA reporting decreased sales in the 1st quarter of 2020 during their Q4 2019 earnings calls.
AAPL is the first “big” company to report an impact. Check out /NQ and /ES in 16 minutes if you want to find out, I’d wager NQ will gap down .5% and ES will gap down .25% in the ETH session tonight. As to where they go from there, I’m betting on 3400 (with actual money)
- VRay 7y agoYou think they're going to spring back up? Why's that? The same reasons it's been flying up for the last few years, or something in particular?
- quickthrowman 7y agoThe Fed is injecting liquidity into the market via repo operations. Remove the added liquidity, and watch the asset prices fall. Another rate cut or two is likely this year as well, that will juice things even more.