Tag Archives: pandemic

24 Sep

Bizarro Beaten By Dip Buyers

September 24th, 2021 It was a roller coaster ride for markets as various headlines dominated the tape in an otherwise light week for economic news. Monday kicked off with a broad market sell-off which sent the Dow Jones Industrial Average down 614 points. The sell-off was sparked by investor fears that trouble in China’s property…

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17 Sep

Markets Struggle to Shake Off End of Summer Doldrums

September 17th, 2021 For the second consecutive week, stocks struggled to find direction as concerns over the economic impact of the Covid-19 delta variant across the globe outweighed this week’s otherwise healthy, U.S. economic data. U.S. consumers bucked economists’ gloomy forecasts, which had predicted a -0.80% drop in August retail spending. Instead, buyers pushed sales…

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10 Sep

Sleepy Start to September

September 10th, 2021 Stocks struggled to find their feet in a post-Labor Day holiday shortened trading week. Investors kicked off the week digesting last Friday’s disappointing jobs report. The economy added 235K jobs in August, well short of economist estimates of 728K jobs. The shortfall was driven in large part by a drop in hiring…

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