DailyMarket

New market snapshots posted every business day.

Market insight and snapshots offered daily. Commentary provided by SiebertNXT Professionals

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We Shall Overcome

We shall overcome.  Markets rallied on Friday after Gilead announced that its antiviral drug Remdesivir improved COVID survival rates by 62%.  Traders took the opportunity to pile into the hardest hit post-pandemic stocks.   N O T E W O R T H Y   True grit.  I am sure that it is well known…

Ever-present

  Ever-present.  Stocks sold off yesterday as traders came to realize that rising COVID cases cannot be ignored. Unemployment may be improving, but it is still in a really tough place.   N O T E W O R T H Y   Where there is smoke…  The market is a funny thing, impossible to…

Comfortably Numb

Comfortably numb.  Stocks rose yesterday, rallying into the close despite rising infections.  Tech shares led the late-session rally, indicating investors blurry vision of the near future.   N O T E W O R T H Y   The rearview mirror.  The saying that “hindsight is 20/20” is especially relevant on Wall Street. Even the…

Re-thunk

  Re-thunk.  Stocks sold off into yesterday’s close, snapping a five-day winning streak.  Stocks can’t go up every day and one can’t avoid the facts, no matter how hard one tries.   N O T E W O R T H Y   Did you check under the mattress?  I don’t know about you, but…

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