Market Commentaries

24 Jul

China and Valuations Overshadow Data and Earnings

July 24, 2020 High-flying tech and momentum stocks fell for the second consecutive week as investors booked profits and continued rotating into value stocks. Markets still remain bullish that the economic rebound will continue but the combination of stubborn COVID trends, rising tension with Beijing and certain sectors just being over extended, gave investors reason…

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17 Jul

Bulls Dismiss Covid-19 Case Surge for Third Week of Gains

July 17, 2020 The rotation out of growth and into value powered the Dow Jones Industrial Average to a third consecutive week of gains. This week’s strong consumer spending and industrial production figures, along with promising vaccine results, reinforced the market’s bullish thesis. Sentiment remains resilient despite the continued rise in Covid-19 case counts. As…

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10 Jul

Bulls’ Optimism Fuels Nasdaq Record High

July 10, 2020 Bulls continued their record-setting run this week despite rising Covid-19 infections and hospitalizations across the country. According to data from Johns Hopkins University, 63,247 new Covid-19 cases were reported nationwide on Thursday – a single day record. Several states also saw an increase in hospitalizations with Texas and Florida nearing hospital capacity…

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