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...
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 traded lower throughout Friday’s session as ongoing U.S. / China tensions moved back into the spotlight with the ordered closure of the U.S. consulate in Chengdu, China. A possible delay in the 4th fiscal stimulus bill also weighed on sentiment as politicians try to get a deal done before August recess. The losses were the first for the major indexes in 4 weeks as July has been a...
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Continue reading >>The market traded lower throughout Friday’s session as ongoing U.S. / China tensions moved back into the spotlight with the ordered closure of the U.S. consulate in Chengdu, China. A possible delay in the 4th fiscal stimulus bill also weighed on sentiment as politicians try to get a deal done before August recess. The losses were the first for the major indexes in 4 weeks as July has been a...
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...
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