Market Commentaries

14 Feb

Market Gets Some Love

February 14, 2020 Bulls made it a second consecutive winning week as investors continued to shake-off concerns over the coronavirus. The positive sentiment on the Street was helped in part by Federal Reserve Chairman Jerome Powell’s semiannual Senate testimony. In his remarks to lawmakers he reassured investors the central bank will continue to closely monitor…

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07 Feb

Dow Hits All-Time High Before China GDP Estimates Ruin Streak

February 7, 2020 After two consecutive weekly losses, bulls and opportunists re-grouped this week to send the Dow Jones Industrial Average to an all-time high of 29,379.77. The week’s rally was driven by news that the Chinese central bank would inject more than $242 billion to support its country’s economic growth, while indicating it would…

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31 Jan

Markets Struggle as the World Mobilizes to Contain Coronavirus

January 31, 2020 Global markets sold off this week as traders remained fixated on developments surrounding the coronavirus outbreak in Wuhan, China. The dip comes despite governments, world health organizations, and companies aggressively mobilizing to ease the public’s concern over the outbreak. Travel bans have begun being implemented, and several airlines have ceased operations to…

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