Stocks in the week ahead will focus on the severity of the spread of COVID-19, during what should be a lull between Thursday’s strong jobs report and the upcoming earnings season. Stocks had a bang-up week, in the four days ahead of the long July 4 weekend, with all indexes making sharp gains. A surprise […]
Category: Market Summaries
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Market Summary: Week of July 3
Updated: Jul 4 Stocks finished the week higher, capping the shortened July 1st holiday week. The second quarter also saw the Dow Jones having its best quarter on record since 1987, closing up 17.8%, with the TSX up 16%. Favorable jobs data came in as confirmed cases of COVID-19 reach record highs and some U.S. states […]
The second half of 2020 is nearly here, and now it’s up to the economy to prove that the stock market was right about a sharp comeback in growth. The first big test will be the June jobs report, out on Thursday instead of its usual Friday release due to the July 4 holiday. According […]
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Market Summary: Week of June 26
Initial jobless claims in the U.S. topped estimates at nearly 1.5 million. The S&P 500 dropped today and headed toward a weekly loss as daily COVID-19 infections increased rapidly in some states, stoking worries about a slowdown in the economy’s reopening. Also record numbers were reported worldwide. The broad stock-market gauge fell 2% in afternoon […]
Well that was a week of worrisome headlines (from World War 3 to global COVID-19 reawakening’s), awe-inspiring US macro-economic beats (which lose all context in relation to the collapse) as earnings outlooks remain just “off the lows”, and a stock market that refuses to go down despite bonds, the dollar, and commodities all signaling anything […]
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Market Summary: Week of June 19
So we had an interesting Monday as the Federal Reserve (a.k.a crooked bankers) continued to ease market fears with extended buying of corporate bonds. The DJIA opened down 500 points only to finish up 150 points by the end of the day for it’s largest 1 day reversal since March. Combine that with improving retail […]
Updated: Jun 19 It looks to me like the bears have returned from a brief 2 month hibernation. And in full force I might add. Fed Chairman Jerome Powell’s two days of Congressional testimony is a highlight in the week ahead, and markets will watch him with a wary eye after the Fed’s sober assessment of […]
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Market Summary: Week of June 12
Other than randomly getting banned from Stocktwits it was another action packed week in the markets. Nadaq recorded all time highs, broke 10,000 points, but came down a bit. Still sitting very pretty through this COVID-19 scare. The Fed finally told the truth yesterday about what they expect the stock market to look like going […]
Large protests continue this weekend across the globe, this time they remained largely peaceful as well. OPEC meetings yesterday went as planned. Demand for oil spikes as major economies re open for business. Nasdaq reached an all-time high on Friday but failed to hold on to a record close. Here is what we are looking […]
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Market Summary: Week of June 5
What a week it was! Riots continued as well as peaceful protests, China vs. US seems to not be a problem, and COVID-19 seems to be becoming an after thought. I once read that the market can stay irrational longer than you can stay solvent. It’s never been more true than now. A surprise in […]