RoboStreet – December 31, 2020 A Banner Year For Our AI-Driven Investing As we look back on the year, 2020 will easily go down as one of the most intriguing, challenging, and exciting years of stock market investing. The pandemic led to the bifurcation of winners and losers and also how the wealthy got much […]
After finishing slightly lower on Tuesday, U.S. benchmarks once again neared record territory as all three U.S. indices closed in the green. As volume continues to wind down with the year wrapping up, not many events are currently impacting markets. Most likely, yesterday’s blockage of an increase on aid payments from $600 to $2000 by […]
Following an initial standoff with Congress, President Trump signed the second economic stimulus package of 2020, sending all three major U.S. indices significantly higher. The legislation will also include $1.4 trillion to fund the government through September 2021 and extend COVID-related economic relief efforts. The Dow, S&P, and Nasdaq are all trading near record highs […]
Although markets opened the shortened trade week to mixed results, all three major U.S. indices are trading slightly higher today. To start the week, Congress passed the second economic stimulus package of the year as well as the latest Federal spending bill. Both bills improved market sentiment and provided optimism heading into the new year […]
Markets are starting the shortened trading week with mixed results after initially seeing major U.S. indices lower due to fear of an additional COVID strain but have rebounded in the afternoon as optimism regarding the latest economic relief package made waves. Late Sunday, Congress agreed on a $900 billion virus aid deal which will continue […]
RoboStreet – December 17, 2020 Tech-Led Santa Claus Rally In Full Stride The big-cap tech sector has re-emerged as a torchbearer for the year-end rally that is underway as of this past Monday. Following a textbook set up the week the second week of December, FAANG, MAGA, semis, and SasS stocks have asserted themselves as the holiday […]
Markets traded to mixed results today, as the S&P and Nasdaq booked modest gains while the Dow closed 0.15% down. The latest decision from the Federal Open Market Committee was reported by Fed President Jerome Powell as once again the Feds decided to hold rates steady. Also worth noting is the Fed’s intent to continue […]
With a U.S. vaccine rollout in sight, markets traded to mixed results to start the week as positive news regarding the COVID vaccine supported stocks while continued lack of progress regarding an economic stimulus package have slowly begun to pressure markets this month. On Friday, President Trump signed a spending bill to allow Congress an […]
RoboStreet – December 10, 2020 Year-End Push Higher For Stocks Looks Good Following eleven straight up days for the Nasdaq and a massive IPO offering for DoorDash Inc. (DASH) capped the near-term move higher for the market and prompted some profit taking in the tech sector. JPMorgan also downgraded several “cloud kings” on valuation that […]
Behind a big tech selloff, markets traded lower throughout with the Dow and S&P modestly down while the Nasdaq dropped nearly 2%. Antitrust suits against Facebook pushed shares lower while continued COVID infection rates throughout the U.S. and worldwide applied additional pressure. With little progress on the proposed stimulus bill, markets did not receive much […]
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