This Thanksgiving Week Not a Turkey For the Markets

This Thanksgiving week ended up not being a turkey as stock indices closed substantially higher with the small company Russell 2000 outperforming on vaccine hopes.    Treasury yields fell with the 30-year bond yield at 1.576% and the 10-Year note at 0.846%.  Crude oil rose to $45.52 a barrel and natural gas rose to $2.851 per […]

Two Vaccines but Markets Mixed

Stock Indices ended the week mixed with the Dow and the S&P500 down but the Nasdaq up slightly and larger gains in the Russell 2000 and international indices.  We now have 2 vaccines at or near application for emergency authorization with phase 3 trials showing high effectiveness and safe.  However, it will be months before […]

Stocks Rebound on Better Economic Data

Stocks ended the week substantially higher on better economic news despite an increase in U.S. Covid cases and additional state restrictions. Stocks rallied on Monday after the National Association of Realtors reported a sharp increase in pending home sales. Stocks had modest gains on Tuesday to finish the month, the quarter and the first half […]

Stocks Fall as Virus Cases Surge in the South

Stocks ended the week with significant loses. The markets rallied on Tuesday following the release of many global flash purchasing managers indices showing improvements in June from May.  Full PMI numbers to come next week. On Wednesday, the markets sold off following a downgraded forecast from the International Monetary Fund, predicting the global economy will […]

Stocks Recover but the Reality of Reopening Remains Uncertain

Stocks indices ended a volatile week with gains with the Nasdaq index showing the largest gains.  The week started with a strong rally, but fears of reopening causing a resurgence of infections kept a lid on stocks the rest of the week.  By weeks end, this became more apparent with Apple announcing it is reclosing […]