Market Commentaries

05 Jun

Markets Rocket Higher on Blowout Jobs Report

June 5, 2020 Wall Street launched higher this week, ignoring simmering tensions with China, social unrest and a rise in COVID-19 infection rates. For investors, it was the signs that the economy has started to unlock that gave way to a new wave of buying. The Institute for Supply Management (ISM) kicked off the week…

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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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