Today, all three major U.S. indices were able to record solid gains of over 3% while oil and gold saw continued pressure. COVID-19 developments are likely to continue impacting markets as last week’s massive economic stimulus plan goes into effect and global efforts are made towards slowing the spread. Overseas, Asian markets closed in the […]
RoboStreet – March 26, 2020 Three-Day Snap Back Rally A Most Welcome Event Stocks continue to rally sharply on the heels of the $2 trillion fiscal stimulus package approved by the Senate this week along with the Fed’s “unlimited QE” mandate, fueling strong fund flows back into equities. The S&P hit a correction low of […]
As details of the U.S. stimulus package circulated today, with expectation the bill will be signed soon, markets maintained gains throughout the day following all three major U.S. indices recording gains yesterday. Although the deal did not get done during the trading session, markets finished higher, though slightly off today’s highs. Dow led the pack […]
Markets broke through their December 2018 lows and are susceptible to another 10-20% selloff. VIX, GLD, DXY, and TLT are stabilizing and the bottom could be near. With this in mind, we could see the market reaching its low point by the first week of April and we will wait for the market to close with […]
RoboStreet- March 19, 2020 Looking For Any Signs Of Market Green Shoots Following the daily dose of Coronavirus news conferences by President Trump and his healthcare-crisis team, the is some fresh and more optimistic chatter about treatments and therapies that are on all-out fast forward development. At the same time, Congress has approved up to […]
Stocks and futures are seeing continued pressure as Coronavirus spread and concern grows. Overnight, futures hit the limit-down halt while stocks hit the 15-minute halt midday following a 7% drop by the S&P. Following the Fed’s decision to slash rates this weekend and re-open their crisis credit-facility, the White House signaled its intent to support […]
Markets hit the 7% circuit breaker this morning shortly after the opening bell only to continue trading lower following the 15-halt. All three major U.S. indices are down over 8% today with the global impact of the Coronavirus continuing to be felt. On Friday, markets saw decent gains as the Fed announced $700 billi0on in […]
RoboStreeet – March 12, 2020 Shock and Awe Hit Market on Virus Fears Equity markets are feeling the full brunt of the latest developments surrounding the Coronavirus crisis. Last night President Trump announced a travel ban on European travelers with the exception of the U.K., Ireland, Croatia, Bulgaria, Cyprus, and Romania. Markets received this news […]
After recording solid gains yesterday, markets are trading lower with all three major U.S. indices on track to close with over 5% losses today. The growing number of Coronavirus cases world-wide, and the latest oil developments, continue to impact global markets as both Asian and European markets closed in the red. In Europe, the growing […]
Markets were briefly halted this morning as the 7% decline on the S&P triggered all stock-market trading to shut down for fifteen minutes before resuming. Prior to the halt, the Dow and Nasdaq also saw sizable drops that were caused by global market pressures including the Coronavirus spread and escalating Middle-East tensions. Over the weekend, […]
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