Market Commentaries

03 Apr

Markets Maintain Range

April 3, 2020 After rallying as much as 18% from its March 23rd low, the S&P 500 settled into a range this week. Drug industry breakthroughs, a stronger federal government response to tackle the COVID-19 outbreak, and news of a potential deal between Saudi Arabia and Russia to cut oil production helped to support stocks…

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27 Mar

Bear Rally Backed by Stimulus Bazooka

March 27, 2020 Encouraged by the government passing a $2 trillion lifeline package and the Federal Reserve, who has vowed that it will not run out of ammunition in its support for financial markets, investors sent the S&P 500 surging by 20%+ over a 3-day period. The government’s massive stimulus package is unprecedented in its…

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20 Mar

Social Distancing Throws Stick in the Cog

March 20, 2020 It was another challenging week for the market as investors digested ongoing developments in the U.S. coronavirus outbreak. With testing becoming more widely available, the country has seen a surge of confirmed cases. As of Friday afternoon, the U.S. had 16,000+ cases of the virus. The outbreak has spurred state and local…

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