M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
US Market Close Among notable developments – stock markets closing higher in the face of awful jobs news isn't one of them (it also happened the last two Thursdays)– is the performance dispersion favoring the NASDAQ . It gained 1.7% today compared to 0.6% for the S&P and 0.1% for the Dow ... increasing what already is considerable out-performace. As detailed in prior tweets and last on CNBC on Wednesday, this should not comes as a huge surprise. It's consistent with actual/forward-looking attributes ("edge") of many virtual-space oriented companies, and most of Big Tech. These attributes are a big plus in both the economic lockdown (journey) and in the post crisis world (destination). #markets #stocks #nasdaq #dow #investing #investors #investmentmanagement
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