Following a strong week for U.S. benchmarks, all three major indices turned lower today. Although talks of an additional stimulus package have begun making rounds, the latest economic data is illumining COVID’s impact on the economy and adding pressure to most sectors. This week, key earnings will be seen from IBM, Netflix, AT&T, and Intel. […]

RoboStreet – April 16, 2020 Market Moves Forward in Thick Fog  News of more extensions of COVID-19 shutdowns in London, New York and a spike in new cases in Italy has the market back on the defensive at mid-week. Investors were fully expecting dismal weekly jobless claims and industrial production data, but the opaqueness of […]

Markets are seeing a sharp decline following two straight sessions of trading higher as global COVID cases top 2 million. Weaker than expected economic data and corporate earnings are also adding pressure as concern regarding the continued impact of the virus mounts. Corporate earnings season kicked off this week with major banks as usual; Citigroup, […]

Markets are trading lower to open the week after an impressive streak of gains for U.S. markets was contrasted with record unemployment last week. Although the S&P, Nasdaq, and Dow all recorded near-record gains last week, unemployment continued to expand, with an additional 6 million workers filing for benefits last week. The latest economic data […]

RoboStreet – April 9, 2020  Fed Unleashes Fire Hose Stimulus  Against a grim set of employment data, the Federal Reserve responded with an all-out attempt to provide a massive infusion of liquidity to stressed sectors of the capital markets, like Collateralized Mortgage Obligations (CLOs), non-agency mortgages and high-yield corporate bonds to bridge some of the […]

With the current market conditions in mind, we believe the market is still susceptible to a 10-20% selloff from current SPY levels. It appears the worst part of the selloff is behind us but investors should consider hedging portfolios into the rallies until the market breaks through $273 level. It is our opinion the market […]

In the short term, the market is overbought. Although the bottoming process started, the market remains susceptible to a 10-20% selloff from the current SPY levels. Consider hedging your portfolio into the rallies until the market breaks through the $263 SPY level. Today, markets rose impressively with all three major U.S. indices trading higher; leading the […]

RoboStreet – April 2, 2020 Retest For Market Underway  After hitting up against near-term overhead resistance, stocks are retreating as the data from the spread of coronavirus and weaker-than-expected unemployment claims data sparked a new round of selling that is shaping up as a meaningful retest of recent low over the next 2-10 days.  Markets […]

Last week, most sectors were able to sustain multi-day rallies indicating the bottoming process has started. Following a strong start to the week, markets sharply fell with the Dow, Nasdaq, and S&P down over 3% for the day. Until the market breaks through $263 SPY level, consider hedging your portfolio into the rallies as the […]

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 […]