What Will Happen Tomorrow In The Stock Market

Today s stock prices are down again but it s up and down with so much uncertainty.
What will happen tomorrow in the stock market. Just what will the stock market do tomorrow. If all you had to judge the state of the economy was the stock market it would seem like everything is fine. The vix index tracks the implied volatility of the us stock market based on s p 500 options. Many studies have examined what is called daily price persistency.
Scott wren senior global equity strategist at wells fargo investment institute joins bnn bloomberg to discuss today s market sell off and will be waiting to see what happens when markets open again tomorrow. But even if it does i m not going to change my investing strategy. Surprisingly enough the results for what the stock market will do tomorrow can be predicted with a fairly high probability using some very simple observations. Short sellers will sell more tomorrow and value investors will accumulate more shares.
These show that the action of the market today has a definite influence. The stock market has rallied more than 43 from its recent bottom in march even as unemployment soars and near term economic forecasts remain bleak. Our pre market economic data this week has a backloaded schedule to tomorrow initial jobless claims durable goods revision to q1 gdp and friday personal income consumer spending. The truth is that no one knows for sure what s going to happen in the stock market.
In this process market will go down below 9000 levels and may hit 8500 levels as indic. My best guess is that it probably will go lower. Yet with 3 trillion injected into the economy corporate balance sheets improving and businesses reopening there s reason. Another day of selling for sellers and opportunity for valua investors.