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Stock impact report

The US economy is facing a 'Wile E Coyote' moment, UBS says [Yahoo! Finance]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
Company Research Source: Yahoo! Finance
Developed economies, like the US, face a "Wile E Coyote effect," UBS' chief economist said. Piper Sandler's chief market technician, Craig Johnson, says investors are trying to outrun a bear. Investing pros are using animal analogies to describe the state of the financial world and it's not looking good. The US economy might be set up for a Looney Tunes style plummet as the gravity of the Iran war sets in, according to UBS' chief global economist Paul Donovan. Meanwhile, Piper Sandler's chief market technician Craig Johnson described the current stock market as "trying to outrun a bear" with investors ignoring mounting risks. "Running across thin air" The "Wile E Coyote effect" is in full swing for developed economies like the US and the UK, UBS' chief economist warned "In the Roadrunner cartoons, Wile E Coyote would run off the edge of the cliff, continue running across thin air, and only later realize the absence of solid ground before plunging into the abyss below," Show less Read more
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