The next BIG rally on Wall-Street is coming, Markets could pop more than 10% before the end of the year
Nov 8, 2018
Joseph Grinkorn, investment expert and the CEO of Morris Group investments predicts another big rally is coming. “The US markets under president Trump are the best for investors globally and the only game in town.”
New York - November 8, 2018 /MarketersMedia/ —
Joseph Grinkorn, an investment expert and the CEO of Morris Group investments companies, predicts the stock market could have a big rally ahead in the coming weeks. “I see big upside in the markets, could be more than 10% before years end. Just like we have seen before, the markets are way over sold for no actual reason. News of the Fed hiking rates and China trade worries is nothing but speculation blown out of proportion. Interest rates are still at all-time lows, it could be a concern in the future, but we are far from that point” Stated Grinkorn.
Regarding China, Grinkorn points out this should also be a future concern, but not at this time. He further claims China has to be a lot more worried than the US, as the Chinese stock market has gotten hit by over 20% And is -21% for the year.
Asia has lost more than 5 trillion dollars over the last months and things will get worse before they get better. Trump and China president xi Jinping will eventually make a deal. The question is when.
When Grinkorn is asked about investments in Europe or other opportunities around the world, he goes on to say the US market is stronger and more stable than Asia or Europe at this time and There should be no comparison between the US markets and The rest of the world at this point.
“There is barley any growth in Europe now and gains have been modest throughout the year. Brexit is on the horizon and that will hurt the overall EU markets.
Italy’s financial issues continue to be a worry and could also drag down European markets further. As far as China goes the trade worries have been hitting them hard, as their markets are deep in correction territory and their government scrambles to give stimulus to help it rebound.” He then further states that “China has to make a deal and soon with Trump otherwise their markets could hit recession”.
When asked what sectors could lead this new rally, the Morris Group CEO answers:
“As many know me as a long tech investor, the best place I would invest now is the US technology sector, it has gone through a correction and creates a great buying opportunity. The FANG stocks look like a great buying opportunity”.
Grinkorn concludes by saying the future for US markets is bright especially in the near future. President Trump has chosen to shake things up a bit but all for the good of the US and markets. Although often outspoken, he will win with Trade long term and all US companies will have major gains to benefit from. When it comes to the Fed, they have job to do and sees things that we don’t, I’m confident if the fed needs to slow rate hikes they will find their way to calm markets and build investor confidence.
The Morris Group Companies specializes in equity investments for private and public social media and technology companies, high return real estate investments and commercial / residential financing.
More information can be found at: www.Morris-Group.co
Contact Info:
Name: Morris Group
Email: Send Email
Organization: Morris Group
Phone: 212-521-408
For more information, please visit http://www.Morris-Group.co
Source: MarketersMedia
Release ID: 439181
More News
Medicare Advantage vs. Traditional Medicare, Explained
When you sign up for the retiree health plan, the two options can present a financial puzzle. But cost is just one factor.
A Country’s President Led to a Bank’s Stunning Rise, and Its Fall
Prosecutors accused President Santiago Peña of Paraguay of funneling nearly a billion dollars of government funds to the Ueno bank as its executives made reckless insider loans.
Rising cost of living tests UK's net zero ambitions
From floods to wildfires to heatwaves, 2026 is the year it became hard to ignore the impact of climate change on UK weather. But will soaring living costs affect the government’s commitment to tackling climate change?
How Indispensable Is Jensen Huang?
The fate of Nvidia’s chief executive, who was romantically involved with a suspected Chinese spy, has wide implications for Silicon Valley, Washington and beyond.
Can My Company Force Me to Reveal My Personal Email Address?
Plus: Ways to leave your mentee and new-parent strife.
China Rejects Espionage Claims Involving Nvidia C.E.O. Jensen Huang
The controversy has intensified scrutiny of Mr. Huang’s ties to Beijing and sparked mixed reactions across Asia, where he is widely popular.
Government's EV targets expected to be reduced this week
New petrol or diesel cars are due to be phased out by 2030 and by 2035 all new cars must be zero emission.
Senator Tells Google to Let Schools Disable A.I. Features in Search
The request came from Senator Edward J. Markey of Massachusetts, after Google said it would not turn off artificial intelligence tools for students using its search engine.
A.I.-Generated Celebrity Ads Get an Assist From Terry Crews
The Ogilvy ad agency and the CAA talent agency introduced a partnership to create promotions featuring digital replicas of celebrities.
Shoppers to Use Black Friday Sales to Stock Up on Essentials
Shoppers strained by high costs of living are expected to put a priority on value this season, whether they’re buying gifts or everyday items for themselves.
Is it the end of free school milk?
Free school milk has been provided to children in Wales since the 1970s, but that could now change.
What do we know about Nvidia CEO’s affair with a suspected Chinese spy?
Adoration for the US tech giant’s CEO Jensen Huang has been labelled “Jensanity”, but can his reputation survive the news of his affair?
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.