Market Commentaries

29 May

Up, Up and Away

May 29, 2020 The continuation of positive medical news in the war against Covid-19 managed to push the S&P 500 above the 3,000 mark this week. Biotech company Novavax joined the growing list of drug companies racing to develop a coronavirus vaccine, announcing it has started Phase I clinical trials and has enrolled the trials’…

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15 May

More of the Same

May 15, 2020 Markets drifted lower but remained in their weeks long trading level of 2700-2900 as investors expressed heightened nervousness that the economy’s reopening could spark a second wave of infections. Data from South Korea, China, and other Asian countries – countries who had substantially arrested their initial outbreak – showed outbreaks and hot…

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08 May

Stocks Rally as States Announce Reopening

May 8, 2020 Stocks continued their move higher this week as more states and companies announced gradual reopenings. Even some of the hardest hit areas, like New York and New Jersey, began outlining plans to get businesses back to work. The optimism around consumers emerging from their homes more than offset this week’s terrible economic…

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