Premarket: Apple is green

Apple premarket green 6-29From Morningstar: “U.S. Stock Futures Point to Week of Choppy Trading” posted early Monday:

U.S. stock futures wavered Monday, suggesting another week of choppy trading amid concerns that rising coronavirus infections could delay the global economic recovery…

Over the weekend, coronavirus cases world-wide passed 10 million, with more than 500,000 deaths. Authorities in Florida, Texas, California and Arizona, which have accounted for much of the recent rise in U.S. cases, have imposed new restrictions and retreated on reopening plans.

“Markets are still wrestling between new cases, and extra liquidity” flowing into markets from central banks’ and government’s stimulus programs, said Edward Park, deputy chief investment officer at Brooks Macdonald. “At the end of last week, we saw the new cases winning out.”

A key measure of turbulence in U.S. stocks, the Cboe Volatility Index, edged higher for a second day, suggesting that investors will continue to be jittery.

My take: Fasten your seatbelts.

 

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