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 […]
Volatility Returns with Reopening and Fear of a Second Wave
Volatility returned this week as the U.S. economy gradually reopened but fears of a second wave of infections weighed on the markets. Stocks continued to rise on Monday following Friday’s strong May jobs reports. Questions still lingered as to why May added so many jobs given the weekly unemployment claims. One explanation was that the […]
Unexpected May Jobs Report Drives the Markets
The week began with concerns over violence associated with the nationwide protests over police brutality and China threatening not to buy its promised purchases of agricultural products over U.S. sanctions over the Hong Kong crackdown. On Wednesday, cities started to see relative calm, following Minnesota’s decision to upgrade the officer’s murder charge and also to […]
Early Signs of Recovery, Global Stimulus and China Uncertainty
Stocks rose sharply on Tuesday on reopening hopes. Also, April saw an increase in new home sales from the week March number. On Wednesday, the European Union outlined a $824BN coronavirus recovery plan. The plan will focus on countries whose economies have been hardest hit, Italy, Spain and Greece. The plan calls for 2/3 of […]
