Market Commentaries

21 Aug

Bulls Tap the Brakes After S&P 500 Hits Record High

August 21, 2020 The S&P 500 hit a new record high of 3397.16 this week, powered by strong gains in tech giants Apple, Amazon, Microsoft, and Google-parent Alphabet as the stay at home plays retook the reins from economically sensitive plays. Apple alone hit four new all-time highs this week,surpassing the elusive $2 trillion in…

Read More
14 Aug

Dow Falls Short of All-Time High as Relief Talks Stall

August 14, 2020 After sending the Nasdaq Composite Index to an all-time high last week, bulls set their sights on doing the same for the Dow Jones Industrial Average. The goal was within striking distance, supported by the hopes for a coronavirus relief package and a rotation into economically sensitive consumer discretionary, industrial, and financial…

Read More
07 Aug

High Hopes for a Relief Package and Tech Stocks Unleash the Bulls

August 7, 2020 Bulls roared into August on a hot streak, leading the Dow Jones Industrial Average to a second consecutive weekly gain. High hopes for a coronavirus relief package along with strong performances from tech darlings Microsoft and Apple helped lead the index higher. Tech’s positive vibes were contagious with the overall sector posting…

Read More