Markets Rise on Hopes for Virus Vaccine

Global markets and Wall Street are on the rise this morning as hopes for the development of a virus vaccine intensify. In fact, many investors are optimistic after Pfizer and BioNTech announced positive data from an early-stage vaccine trial, but meanwhile states like California and Texas are reporting record highs in new cases.

Strong Economic Data Tampering With Optimism

Global shares mostly dropped this morning as investors have become increasingly cautious after major indices closed out their best quarters in years. At the same time, many analysts are now worried about the upcoming U.S. elections and other risks that might disturb the markets.

Why I’m Looking For Pullbacks Not Breakouts

We’re running out of momentum, and I don’t like it. If you look at the percentage of stocks in the S&P 500 trading above their 50-day moving average, it’s only 65.21%... and the rubber band is still moving down!

Biggest Divergence Since February

The world stock market is rather subdued this morning as the global number of confirmed virus cases topped 10 million, causing some governments to consider postponing their reopening timeline. In fact, right when many people were expecting businesses to reopen, Texas and Florida have shut down bars once again...

Investors Are Focused Here… But It’s a Mistake

Markets gained momentum this morning after the Fed decided to ease rules restricting banks’ powers to invest in hedge funds and other similar areas that could ultimately help boost bank profits. That’s really positive for the market, and has caused investors to set their sights on companies that will continue to thrive once the pandemic is over.

Stocks Slip as Cases Hold Steady

While the markets have mostly been in rally mode since April, the recent surge in new virus cases in the U.S. has undercut almost all optimism for a quick economic turnaround. In fact, world shares slipped this morning as investors are worried that the reopening of businesses may have to be curtailed.

These Are the Weakest Stocks and Sectors

Despite recent market rallies, analysts aren’t convinced that infections won’t continue to spread given the increasing number of cases in parts of the U.S., Asia, and Brazil. And unless we see a jump in the number of stocks trading above the 200-day moving average, the markets will begin to do this.

Big Earnings Week Ahead

Looking at the stock market, world stocks mostly opened lower this morning as countries reported a surge in virus cases over the weekend. The global total is now nearing 9 million.

Crucial Part Of The Puzzle

It looks like the week is going to end on a high note for investors.