Market Commentaries

20 Nov

Stocks Retreat as Coronavirus Cases Surge

November 20, 2020 After setting a record high earlier this week on the release of additional, positive Covid-19 vaccine news, the Dow Jones Industrial Average retreated slightly to end the week lower by -0.73%. This week’s positive vaccine news came from Massachusetts-based Moderna which reported its vaccine candidate showed 94.50% efficacy in preventing Covid-19 in…

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13 Nov

Vaccine News Sparks Market Rotation

November 13, 2020 Stocks rose for the second consecutive week despite a light week for economic news. Progress towards a Covid-19 vaccine and clarity that the election results are unlikely to change despite the outstanding legal challenges gave bulls a shot in the arm, sending the S&P 500 to a new record high. In vaccine…

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06 Nov

Keep Calm and Count On

November 6, 2020 Voters remained glued to the edge of their seats as counting continued in the race for the White House. As of Friday afternoon, a winner had yet to be called as election workers continued to count mail-in ballots in Pennsylvania, Georgia, Arizona, and Nevada. The latest results showed Democratic Presidential Candidate Joe…

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