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09/15/2020
Trump and Biden

Global Markets Mixed Despite Positive Economic Data

Global stock markets are mixed this morning despite Wall Street posting solid gains Monday, and better-than-expected economic data out of China.  U.S. stock futures rose this morning. Shares in London, Shanghai and Hong Kong opened higher, while Tokyo and Frankfurt declined.  The Shanghai Composite Index advanced 0.5% following a 0.5% […]
09/14/2020
Stock Market Update

Stock Market Update: Monday, September 14, 2020

Wall Street showed strength throughout the session amid progress on a coronavirus vaccine and corporate merger and acquisition news — and more in Monday’s WealthPress stock market update.  Eli Lilly and Co. (NYSEArca: LLY) and Incyte Co. (Nasdaq: INCY) released a joint statement saying they have a drug in development […]
09/14/2020
Stock Market Update

Global Shares Rise Amid Upcoming Federal Reserve Meeting

Global shares rose overnight as investors and traders wait for cues from the U.S. central bank coming later this week.  Japan’s Nikkei 255 advanced 0.7% after the ruling Liberal Democratic Party selected Yoshihide Suga to be their new prime minister. In the U.S., the Federal Reserve Open Market Committee is […]
09/12/2020
Stock Market Update

Stock Market Update: Friday, September 11, 2020

U.S. markets closed mostly higher on Friday as better-than-expected economic news and a possible push to pass a stimulus bill kept the bullish sentiment intact. The House is slated to reconvene this weekend to try to craft a stimulus bill with the Senate in the process of assembling a "skinny" $300 billion bill.
09/11/2020

Global Shares Mixed as Tech Stocks Attempt to Rebound

Before I jump into today’s stock market update, I’d like to give a big shoutout to America’s first responders, heroes and veterans. All of our hearts here at WealthPress go out to everyone impacted by the September 11 attacks.  Moving onto the markets, global shares are mixed this morning as […]
09/11/2020
Stock Market Update

Stock Market Update: Thursday, September 10, 2020

U.S. markets closed mostly higher on Friday as better-than-expected economic news and a possible push to pass a stimulus bill kept the bullish sentiment intact. The House is slated to reconvene this weekend to try to craft a stimulus bill with the Senate in the process of assembling a "skinny" $300 billion bill.
09/10/2020

The Fed, Modern Monetary Theory and the Impact on the US Dollar

In normal times, businesses that need capital offer a reasonable rate of return to individuals or businesses who have capital. For example, a mining company might issue debt with a 10% coupon to expand their operations. It could hire a broker syndicate to sell those bonds to investors. Sometimes one […]
09/10/2020
Trump and Biden

Global Shares Open Lower Due to Tech Stock Volatility

Global stock markets opened lower this morning as Wall Street continued to eye the recent volatility in tech stocks. While a new coronavirus economic aid package in the U.S. is at a standstill in Congress, some investors and traders are encouraged by the possibility of additional stimulus from the European […]
09/10/2020
Stock Market Update

Stock Market Update: Wednesday, September 9, 2020

U.S. markets closed mostly higher on Friday as better-than-expected economic news and a possible push to pass a stimulus bill kept the bullish sentiment intact. The House is slated to reconvene this weekend to try to craft a stimulus bill with the Senate in the process of assembling a "skinny" $300 billion bill.
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