Market Commentaries

26 Jun

Markets Tumble as States Halt Reopening

June 26, 2020 Markets struggled this week amid concerns of rising Covid-19 cases across the country. Data from Johns Hopkins University shows more than 30 states are now experiencing surging case counts. The resurgence has been enough to force Texas, Arizona, New Mexico, and eight others to pause their reopening plans. Texas reported an all-time…

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19 Jun

Markets Rise on Consumer Rebound

June 19, 2020 A strong retail sales report and a bump in housing permits signaled consumers were ready to spend their recently stockpiled savings and government stimulus checks now that most states have lifted their stay-at-home orders. Industrial production rose in May as the most recent report showed factory floors spinning back up. Improving economic…

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12 Jun

Bulls Wake to Second Wave Fears

June 12, 2020 Fears of a second wave of Covid-19 infections dented weeks of rising investor enthusiasm for the U.S. economic reopening. The Dow plunged 1,800+ points Thursday on reports that more than one-third of states including Texas, Florida, and Arizona reported a notable rise in cases. Renewed concerns over Covid-19 overshadowed a continued decline…

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