May 8, 2020 Stocks continued their move higher this week as more states and companies announced gradual reopenings. Even some of the hardest hit areas, like New York and New Jersey, began outlining plans to get businesses back to work. The optimism around consumers emerging from their homes more than offset this week’s terrible economic…
Read More
May 1, 2020 The S&P 500 rallied 12.7% in April for its third biggest monthly gain since WWII. Growing optimism over the reopening of the U.S. economy, $5 trillion in combined fiscal and monetary stimulus programs, and encouraging news on COVID-19 treatments helped spur the month’s gains. These positive drivers have been enough to persuade…
Read More
April 24, 2020 Oil prices drove markets lower this week as the West Texas Intermediate (WTI) crude oil benchmark hit a historic low. The May contract for WTI fell $55.90 on Monday to a history-making -$37.63 a barrel. The decline was driven by plunging demand for oil amid the global pandemic just as producers continued…
Read More