Roger Scot
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. […]
08/18/2020
Every quarter, large institutions file specific documents (13F) with the SEC to show the type of holdings they have. This keeps everything nice and transparent. Usually investors use these filings to see which stocks the largest funds are holding. Usually, but not always… I look at which hedge funds made […]
08/18/2020
Markets are mixed this morning in Europe and Asia as the buying of tech stocks bumped the S&P 500 closer to its record high set in February. In fact, markets were also bolstered after Speaker Nancy Pelosi cut lawmakers’ recess short to vote on legislation that could stop the Trump […]
08/17/2020
Market Action U.S. markets traded mostly higher on Monday after Speaker Pelosi recalled the House from its recess to deal with funding the post office and continued work on a coronavirus stimulus package. The blue-chips lagged while the broader market and Tech continued their assault on all-time highs. The Nasdaq […]
08/17/2020
World markets edged up slightly this morning in spite of Japanese stocks plunging after announcing a record economic contraction due to the pandemic. In addition to that, Bangkok’s main index lost 0.5% after Thailand indicated that its economy shrank 12.2% from a year earlier. In the U.S., however, retail sales […]
08/16/2020
Market Action U.S. markets traded in tight ranges on Friday before settling mostly lower after Congress failed to agree on the next round of coronavirus aid before taking a few weeks off. A bevy of economic news also weighed on sentiment as did the delay of the review of the […]