Market Commentaries

19 Jun

Markets Rise on Consumer Rebound

June 19, 2020 A strong retail sales report and a bump in housing permits signaled consumers were ready to spend their recently stockpiled savings and government stimulus checks now that most states have lifted their stay-at-home orders. Industrial production rose in May as the most recent report showed factory floors spinning back up. Improving economic…

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12 Jun

Bulls Wake to Second Wave Fears

June 12, 2020 Fears of a second wave of Covid-19 infections dented weeks of rising investor enthusiasm for the U.S. economic reopening. The Dow plunged 1,800+ points Thursday on reports that more than one-third of states including Texas, Florida, and Arizona reported a notable rise in cases. Renewed concerns over Covid-19 overshadowed a continued decline…

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05 Jun

Markets Rocket Higher on Blowout Jobs Report

June 5, 2020 Wall Street launched higher this week, ignoring simmering tensions with China, social unrest and a rise in COVID-19 infection rates. For investors, it was the signs that the economy has started to unlock that gave way to a new wave of buying. The Institute for Supply Management (ISM) kicked off the week…

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