Wells Fargo Harvey Was Wrong About 2020 But Predicts 2021 Anyway

Wells Fargo, Chris Harvey, was wrong about 2020. He called for getting out of the stock market before the 16% increase in the SP500 in 2020. “We kinda hate this market,” Harvey told CNBC’s “Trading Nation” on Wednesday. “When did we stop liking this market? It’s been relatively recent. The market has moved very close …

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Updating the View of the Post-Pandemic Future

Seven months ago, Nextbigfuture looked at the post pandemic world future as the pandemic was starting. We are now about halfway through the global pandemic. The World Bank’s baseline projection is for a 5.2% global economic contraction. China and several other Asian countries will have positive GDP growth in 2020. The US and many other …

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COVID Helps China’s Economy Pass EU in 2021 and 2025-2030 for the USA

The double whammy for the European Union GDP is Brexit and COVID. In 2019, the EU had a combined GDP of $18.3 trillion. The UK leaving removes $2.5 trillion. COVID removed another 10-12% in 2020. The Jan, 2021 GDP will be after Brexit is official and enacted on Dec 31, 2020. $15.8 trillion after the …

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Canada’s Population at 38 Million and Adding 4 Million Immigrants from Now to 2030

Canada’s population is passing 38 million and new immigration plans will push annual immigration over 400,000 per year. Canada’s immigration plan targeted a level of 361,000 immigrants in 2022 but the high range would allow 390,000 immigrants in 2022. Canada will release a 2021-2023 immigration plan in October, 2020. Canada has been increasing annual immigration …

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Tesla Will Overcome Denial in the Next 8 Months and Become a $1 Trillion Tech Giant

Tesla and Elon Musk have accomplished a lot over the past ten years since June 2010 when they became a public company. This will review key aspects of what was done and how 8 months of continued execution will make Tesla a $1 trillion technology giant like Apple, Amazon, Microsoft and Google. In 2005, Tesla …

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Financial “Analysts” That Humiliate Themselves With Tesla Forecasts

Morgan Stanley’s Adam Jonas now has raised its main price for Tesla to $1050 per share. This is below the current $1450-1600 trading range for Tesla. Adam Jonas has a bull case of $2500. The $1050 case is based upon Tesla selling 3 million cars per year in 2030. In December 2019, Morgan Stanley’s Adam …

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Late in 2020 or in 2021 Apple and Microsoft Should Pass Saudi Aramco

Saudi Aramco is currently the most valuable company in the world. They have a stock price of 32.9 riyal. The value of the Riyal is pegged to the US dollar at 0.27 dollars to one Riyal. Saudi Aramco is worth $1.78 trillion. Apple is currently at $1.59 trillion Microsoft is $1.53 trillion Amazon is at …

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