The market shrugged off disappointing economic news ahead of Thursday’s open while closing mostly higher with the Nasdaq setting its 35th record close for 2020. The small-caps lagged while volatility spiked to its highest level in 7 sessions to keep the broader market gains limited.The Nasdaq tapped an intraday lifetime peak of 11,283 before closing at 11,264 (+1.1%). Fresh resistance at 11,250...
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 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...
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