Market Commentaries

07 Aug

High Hopes for a Relief Package and Tech Stocks Unleash the Bulls

August 7, 2020 Bulls roared into August on a hot streak, leading the Dow Jones Industrial Average to a second consecutive weekly gain. High hopes for a coronavirus relief package along with strong performances from tech darlings Microsoft and Apple helped lead the index higher. Tech’s positive vibes were contagious with the overall sector posting…

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31 Jul

Earnings Beats Push Markets Past Wall of Worry

July 31, 2020 Better than expected earnings and last-minute corporate announcements put investors in an optimistic mood, sending the S&P 500 to a 1.73% gain for the week. The move higher came despite horrific Q2 economic readings and a flatlining in near-term momentum as COVID continues to keep a full opening of the economy on…

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24 Jul

China and Valuations Overshadow Data and Earnings

July 24, 2020 High-flying tech and momentum stocks fell for the second consecutive week as investors booked profits and continued rotating into value stocks. Markets still remain bullish that the economic rebound will continue but the combination of stubborn COVID trends, rising tension with Beijing and certain sectors just being over extended, gave investors reason…

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