Market Commentaries

15 May

More of the Same

May 15, 2020 Markets drifted lower but remained in their weeks long trading level of 2700-2900 as investors expressed heightened nervousness that the economy’s reopening could spark a second wave of infections. Data from South Korea, China, and other Asian countries – countries who had substantially arrested their initial outbreak – showed outbreaks and hot…

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08 May

Stocks Rally as States Announce Reopening

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…

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01 May

S&P 500 Logs Best Month in Decades

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…

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