The current market is a 'Goldilocks environment,' according to this hedge fund manager -- here's what could change that:
But stock markets are ready to rip higher, led by Chinese equities, as optimism over that big cash injection by the People’s Bank of China and upbeat U.S. data on Monday are carrying over.
Meanwhile, politics is grabbing attention this morning as Iowa’s Democratic presidential caucuses — the party’s first nominating contest for the 2020 election — turned into a hot mess after problems with a mobile app. Loeb lays out what could change the bullish mood for stocks, which has been driven by friendly monetary conditions and a benign economic backdrop.
As for that potential political upset, a far-left candidate likely refers to Massachusetts Sen. Elizabeth Warren or Vermont’s Bernie Sanders, who has been leading in the polls. Some analysts have said investors aren’t thinking enough about a possible Sanders win.The market Dow DJIA, +0.51%, S&P SPX, +0.73% and Nasdaq COMP, +1.34% futures are climbing, alongside European stocks SXXP, +1.43% and oil prices CL00, +2.08%. Setting things off, Chinese stocks 000300, +2.64% rose 2.6%.
The buzz Shares of Google parent Alphabet GOOGL, +3.48% GOOG, +3.61% are down after revenue disappointed — company also broke out cloud and YouTube revenue.
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