S&P 500 Index: Key two factors sustaining the rally – George Soros


In an interview with the Italian daily, La Repubblica, on Wednesday, the billionaire investing legend George Soros acknowledged that the current Wall Street rally looks like a bubble but noted that there are two key catalysts sustaining the advance.

Key quotes

"Two simple propositions".

"One is that in situations that have thinking participants the participants' view of the world is always incomplete and distorted. That is fallibility."

"The other is that these distorted views can influence the situation to which they relate and distorted views lead to inappropriate actions. That is reflexivity."

“The market is sustained by the expectation of more fiscal stimulus along with hopes Trump will announce a vaccine before November.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

AUD/USD falls to 0.7350 ahead of RBA

The American dollar found demand ahead of the monthly close, although it gains were limited. AUD/USD hit 0.7406 before easing. RBA expected to be a non-event.

AUD/USD News

Gold: Bears in the driving seat, but bulls will be keen to reload

The price is firmly below the psychological $1,800 level as the market continues to unwind the risk-off trade that had benefitted gold so well over the course of the year.

Gold news

EUR/USD retreats after its first attempt to break above 1.2000

EUR/USD trades around 1.1940 after failing to break above the psychological threshold. Bulls retain control and would likely challenge the level once again.

EUR/USD News

Ripple Price Prediction: XRP sits on the verge of an explosive breakout

XRP traded as high as $0.78 on November 24 before a brief period of a correction down to $0.456. Ripple price is trading at $0.655 at the time of writing, notably recovering from the dip and aiming to set higher highs.

Read more

Black Friday 2020 Discounts!

Learn to trade with the best! Don't miss the most experienced traders and speakers in FXStreet Premium webinars. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights!

More info

Forex MAJORS

Cryptocurrencies

Signatures