Market Commentaries

28 Aug

Fed Gives Bulls a Shot in the Arm

August 28, 2020 The record-setting run continued on Wall Street with the S&P 500 recording an all-time high each day this week. A number of key developments helped fuel the index’s move higher. At the Kansas City Fed’s Annual Economic Symposium, Federal Reserve Chairman Jerome Powell took the virtual stage to announce a seismic shift…

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21 Aug

Bulls Tap the Brakes After S&P 500 Hits Record High

August 21, 2020 The S&P 500 hit a new record high of 3397.16 this week, powered by strong gains in tech giants Apple, Amazon, Microsoft, and Google-parent Alphabet as the stay at home plays retook the reins from economically sensitive plays. Apple alone hit four new all-time highs this week,surpassing the elusive $2 trillion in…

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14 Aug

Dow Falls Short of All-Time High as Relief Talks Stall

August 14, 2020 After sending the Nasdaq Composite Index to an all-time high last week, bulls set their sights on doing the same for the Dow Jones Industrial Average. The goal was within striking distance, supported by the hopes for a coronavirus relief package and a rotation into economically sensitive consumer discretionary, industrial, and financial…

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