Healing effects. Stocks rose yesterday on positive news that Gilead’s Remdesivir drug may be effective in treating the Coronavirus. Gross Domestic Product took a hit in the first quarter surprising no one and the Fed still has our back. N O T E W O R T H Y Considerable risks. His words, not mine. His, meaning Fed Chairman Jerome…
Push me pull you. Stocks closed lower yesterday, giving up early gains, as investors could not shake off bad economic data. Earnings continue to throw mixed signals, in some cases giving investors hope. N O T E W O R T H Y Looking the other way. I have been writing a lot…
Can you feel it? Stocks rose again yesterday on optimism that the country will be open for business again… soon. The Dow Jones Industrials rose 4 straight days in a row, its longest winning streak since February. N O T E W O R T H Y What on earth are they thinking?…
April showers. Stocks advanced on Friday as investors looked beyond the horizon and had hope that better days will come. Congress approved the next leg of stimulus and Administration officials hinted of help for oil producers while Georgia became the first state to relax lockdowns – all leaving investors cautiously hopeful. N O T…
Leak up, leak down. An early day rally for stocks was deflated by a leaked report that showed Remdesivir may not be as effective as hoped. Gilead Sciences, whose stock rose just a few days back on a positive leak, led the US market down to close mixed for the session. N O T…
Rising to the surface. Stocks rose yesterday as traders cheered a turn-around in crude oil. Mixed earnings, as expected, added some volatility but the advancing of a new stimulus package on Capitol Hill added fuel to yesterday’s rally. N O T E W O R T H Y Make a list, keep…
Future shock. Stocks sold off for a second straight day as investors remained fixated on the rapidly slipping price of crude oil. Earnings are all over the map but most, not all companies agree that these are tough times, indeed. N O T E W O R T H Y The old salt…
Slip sliding away. Stocks slipped yesterday as crude oil supply buildup caused prices to hit historic lows. The price of West Texas Intermediate crude oil fell into negative territory for the first time in the history of the futures contract. N O T E W O R T H Y Oil you need…
Happiness is. Stocks rallied on Friday as investors could not contain their inner optimists. Many are hopeful that an end to the national lockdown is near and that promising results from a Remdesivir trial might hold the key to beating the pandemic. N O T E W O R T H Y I…
Back in action. Stocks were all over the map yesterday as investors weighed bad economic data against hopes that someday, soon things will start up again for business. Yesterday’s economic data painted a dreary picture, but most investors were prepared for the worst. N O T E W O R T H Y …
