RoboStreet – October 29, 2020 Flash Alert! Vlad’s Top Home Sweet Home Trade Investors are hunkering down in reaction to rising COVID-19 data, lack of Congressional stimulus, and the prospect of a contested election outcome. The latest polls have Trump and Biden literally tied at 49%, similar to when George W. Bush and Al Gore […]
With less than a week until the U.S. election, the market broke through the $340-342 support level and remains prone for further corrections, the next level of support is set at $330. Today, U.S. stocks continued to slide as all three major U.S. indices finished in the red. The Nasdaq saw over 3.7% losses while […]
All three major U.S. indices closed deep in the red, over 1.5% down but off session lows, as data showed COVID-19 cases continue to rise while stalled stimulus talks in D.C. also pressured stocks. Last week, all three indices finished lower for the week with over 83,000 reported new cases, topping the previous mid-summer record […]
RoboStreet – October 22, 2020 Mail-In Election Poses Some Market Risks The latest tally of ballots having already been mailed in is over 50 million, which is more than three times that of the 2016 election. To think that the current systems in place are going to cope with this surge of mail-in votes is […]
After seeing gains on Tuesday, markets turned lower on Wednesday with all three major U.S. indices closing in the red. Without notable progress on an economic relief package, markets had little to go off today as additional earnings and economic reports continue to direct stocks. The Federal Reserve released its latest Beige Book, measuring key […]
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 […]
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