Happy days are near again. Stocks rose in yesterday’s session on optimism that the virus may be beaten quickly. Investors drew comfort in declining new cases of COVID-19 in hard hit Italy, Spain, and Seattle. N O T E W O R T H Y Un-curbed enthusiasm. The past several days of market action…
Bull in a china shop. Stocks declined on Friday capping off a wild week of trade in which equities mounted their largest 3-day rally since the 1930’s. The President signed the $2 trillion CARES act into law but investors have fears that it may not be enough. N O T E W O R…
Eleven Eleven. Stocks rallied yesterday as stimulus optimism spread virally. As Coronavirus cases rise in the US so has unemployment, with a record 3.2 million workers filing for unemployment benefits in the past week alone. N O T E W O R T H Y Caveat emptor. Consider this: stocks were in a…
Booster shot. Stocks advanced for a second day in a row on hopes of a deal in the Senate. The back-to-back, two-day rally was the first since early February, but it almost didn’t happen as equities lost ground in the final hour of trading while Senators continued to bicker. N O T E W…
Stimulated! Stocks surged yesterday on hopes of a large stimulus package from Capitol Hill. The Dow Jones Industrial Average had its single largest point move on record and its largest daily percentage gain since 1933, which was in the middle of the Great Depression. N O T E W O R T H Y…
Dysfunction. Stocks sold off yesterday as more and more businesses mothball operations to fight the spread of COVID-19. The Fed showed up in a big way and the Senate failed to reach agreement on a multi-trillion dollar bailout, sending shares to their lows of the session. N O T E W O R T…
Patience tried. Stocks sold off on Friday in a volatile session as investors clamored to determine the economic fallout of the virus outbreak. In the worst week for stock indexes since 2008, the S&P500 swung more than 4% up or down for 9 out of the last 10 trading sessions. N O T E…
Balancing act. Stocks rose yesterday as investors awaited some comforting words from lawmakers on economic stimulus. Oil rallied on news that President Trump may intervene in the spat between energy heavyweights Saudi Arabia and Russia. N O T E W O R T H Y – SPECIAL EDITION What happened yesterday: Yesterday’s…
Hunkering down. Stocks experienced another selloff amidst continuing fear of a recession. The selling was not limited to stocks as bonds, commodities, and even gold found their way onto the chopping block. N O T E W O R T H Y – SPECIAL EDITION What happened yesterday: The selloff started well…
Financial medicine. Stocks rallied yesterday as the administration shared its plans to heal the sickening economy. The Fed continued to roll out stimulus for banks and added a package for corporations as well. N O T E W O R T H Y – SPECIAL EDITION What happened yesterday: Stocks started yesterday’s session bouncing…
