Market Commentaries

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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17 Jul

Bulls Dismiss Covid-19 Case Surge for Third Week of Gains

July 17, 2020 The rotation out of growth and into value powered the Dow Jones Industrial Average to a third consecutive week of gains. This week’s strong consumer spending and industrial production figures, along with promising vaccine results, reinforced the market’s bullish thesis. Sentiment remains resilient despite the continued rise in Covid-19 case counts. As…

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