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 […]

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 […]