The market rebounded on Monday to finish mostly higher, with the Nasdaq setting its 33rd record close for the year, despite a congressional stalemate over fresh stimulus to help Americans and businesses hurt by the corona virus pandemic. The S&P 500 came within a 6-pack of its all-time high while the small-caps continue to show signs of another leg higher.The Nasdaq closed at 11,129 (+1%)...
Continue reading >>Gold prices last traded at $2,043 – and could head to $2,500, we believe. All thanks to fallout from the coronavirus, economic fears, tensions with China, central banks pumping liquidity into markets, and fear ahead of U.S. elections. Worse, the International Monetary Fund estimates the global economy could shrink by up to 5% this year, prompting central banks to pump billions into the...
Continue reading >>The market rebounded on Monday to finish mostly higher, with the Nasdaq setting its 33rd record close for the year, despite a congressional stalemate over fresh stimulus to help Americans and businesses hurt by the corona virus pandemic. The S&P 500 came within a 6-pack of its all-time high while the small-caps continue to show signs of another leg higher.The Nasdaq closed at 11,129 (+1%)...
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Continue reading >>The market lost ground on Friday following a flood of economic news and inaction from Congress on developments for a coronavirus relief package. No deal was announced on that front as lawmakers have broken for recess until Labor Day.Despite the flat session, the major indexes posted another winning week and remain on track to test old and new higher highs after advancing their winning streaks to...
Continue reading >>The market finished lower on Tuesday, with the S&P 500 and Dow relinquishing gains in the last hour of trade while snapping 7 session winning streaks. The S&P came within striking distance of all-time closing highs last seen in February with the Nasdaq now down 3-straight sessions.The Dow tapped a late day low of 27,624 while finishing at 27,686 (-0.4%). Key support at 27,750 failed to...
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