Stock Market News: Stock Market Review, Feb 24th, 2020
Last week, after making a new high, market was on pullback mode.
In general, earnings reports were good and market remains optimistic about the growth of big tech companies.
However, with the latest development of coronavirus (Convid-19), it is sparking fear in the market.
Last week pick updates
Our Pick for 17th Feb 2020
- IAC, long
For IAC case, it is lost.
For now, market focus shifted to the development of coronavirus, whereby cases are increasing outside of China. This is sparking fear in the market.
Further to that, tourism and industry heavily relied on china are being affected badly.
This is a tough market to trade, as it is also not yet a good case to short the market yet.
We are monitoring for now.
Our pick for 24th Feb 2020
- No Pick
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