Roger Scot
08/24/2020
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.
08/21/2020
The global pandemic has wreaked havoc on the economy (…and travel and our ability to even move around this year). There’s been endless buzz about which “pandemic-proof” stocks everyone and their mom should be adding to their portfolios. But a lot of it is just talk. I’m done with just […]
08/21/2020
This year hasn’t been a smooth ride by any means, but at least we’re finally starting to see some positive moves in the right direction. The S&P 500 hit an all-time high earlier this week, and now three more indicators are showing consistent strength in the broader market. At a […]
08/21/2020
Most global shares edged higher this morning on hopes for a virus vaccine, even though worries about the pandemic’s long-term economic damage remain strong. It’s reported that Pfizer’s vaccine is on schedule for regulatory review in October, boosting investor sentiment. Additionally, a remark from China’s Commerce Ministry that China and […]
08/21/2020
Market Action U.S. markets shook off a disappointing jobless claims number and larger-than-anticipated drop in the Philly Fed to settle mostly higher on Thursday. Slightly good news on the U.S./ China trade front helped sentiment after China’s commerce ministry said the two sides will hold the delayed talks in the […]
08/20/2020
Global markets dropped this morning as minutes from the last Federal Reserve meeting exposed challenges facing the economy, as well as risks to the medium-term outlook. U.S. shares were in line to add yesterday’s losses, with futures for both the Dow and S&P 500 down 0.3% ahead of the open. […]
08/20/2020
Market Action U.S. markets closed mostly lower on Wednesday after setting another round of fresh all-time intraday highs on signs of a possible breakthrough in deadlocked stimulus talks with chatter of a “skinny” $500 billion fiscal package possibly in the works. The afternoon minutes from the Federal Reserve July policy […]
08/19/2020
Despite a fresh all-time high in the S&P 500, global markets are rather mixed this morning with European indexes opening little changed and U.S. futures somewhat lower. Tensions between Beijing and the U.S. are also meddling with sentiment levels after President Trump delayed a virtual meeting because he “doesn’t want […]
08/19/2020
Market Action U.S. markets traded on both side of the ledger on Tuesday before settling mixed with the S&P 500 and Nasdaq setting fresh intraday and all-time closing highs. Another solid report from the housing market mostly outweighed the relentless uncertainties over the coronavirus, re-openings and the overall economic recovery. […]