With growing concern over the potentials for a stimulus package ahead of the November 3rd election, all three major U.S. indices gave back early morning gains to close in the red following a positive end to last week with U.S. shares rising for three straight sessions. COVID relief and the upcoming election remain at the […]
RoboStreet – October 15, 2020 Investing Landscape Seeing Pre-Election Choppiness The mega-tech stocks led an early October rally that took the major averages back up to within a few percentage points before some of the baked-in expectations have run into some headwinds. Namely, the passage of coronavirus stimulus continues to stall with President Trump now […]
Our latest models are projecting the SPY to trade in the range of $318-$360 and we will look to be buyers into any short-term corrections. Markets dipped today as fiscal stimulus talks continue to stall. All three major U.S. indices closed in the red today as the second day of meaningful earnings was underway. Wells Fargo […]
With bond markets closed today, U.S. stocks extended their streak as all three major U.S. indices, which finished 3% higher last week, closed with impressive gains. Supported by a strong tech rally, the Dow traded 1% higher for most of the day while the S&P and Nasdaq saw over 1.5% gains. Although additional fiscal stimuli […]
RoboStreet – October 8, 2020 Big Spending Will Pressure The Dollar No matter what happens on Election Day, what is certain is there is going to be some post-election spending that will inflate the Fed’s balance sheet and national debt to levels that were once thought not possible. Last week, Fed Chair Jerome Powell maintained […]
U.S. markets impressively rebounded on Wednesday, one day after dipping on the news the President would postpone stimulus negotiations, as economic stimulus talks appear to have resumed with President Trump signaling his intent to sign and support additional economic measures. Similarly, today’s key economic release featured last month’s Federal Open Market Committee’s meeting minutes which […]
U.S. Markets impressively rose on the first trading day of October as optimism regarding President Trump’s recovery, as well as overall COVID response, improved with several treatments and vaccines on the horizon. Similarly, additional progress on the latest fiscal bill is also supporting markets today with both President Trump and congressional members from both parties […]
RoboStreet – October 1, 2020 Stocks Rally With Stimulus Bill and Earnings Season On Deck The bulls are re-asserting themselves as the fourth quarter gets off on an upbeat tone of optimism surrounding a pending stimulus bill and the prospect of a better-than-forecast third-quarter earnings season. Hopes are running high for both factors to power […]
On the final trading day of September, U.S. markets rose impressively but still finished the month of September in the red. All three major U.S. indices saw gains of over 0.75% today but finished over 2% down for the month. The latest news regarding an additional economic relief bill was mixed as reports of the […]
All three major U.S. indices booked solid gains to start the week after finishing lower last week. Optimism for an additional economic relief bill and successful vaccine rollout continue to provide markets support, along with solid economic and earnings reports. September employment reports are due this week as well as August Personal Income, Consumer Spending, […]
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