Opinion – Wednesday 14 October 2020

After rallying over 6% in just four trading session, the S&P closed 0.63% lower as COVID-19 vaccine concerns weighed on markets. Johnson & Johnson announced that its vaccine trial had been paused after one of the patients came down with an unexplained...

Opinion – Tuesday 13 October 2020

U.S Equity Markets closed higher for the fifth trading session out of the last six, led by the NASDAQ 100 which surged to close with a gain of 3.09%. Over the weekend, Republicans and Democrats voiced displeasure with the White House’s new $1.8 trillion...

Opinion – Monday 12 October 2020

U.S Equity Markets ended the week in positive territory on optimism surrounding stimulus negotiations. The White House said it remained open to negotiating a larger Stimulus Bill as Treasury Secretary Steven Mnuchin and Speaker of the House Nancy Pelosi (D-CA)...

Opinion – Friday 9 October 2020

U.S Equity Markets built on Wednesday’s gains by closing higher across the board in what turned out to be a quiet trading session. Jobless Claims rose from the prior week, coming in above estimates. While this indicates that the job market’s recovery may be...

Opinion – Thursday 8 October 2020

U.S Equity Markets reversed most of Tuesday’s late plunge after President Donald Trump proposed aid for individuals, small businesses, and airlines. This was in stark contrast to his comments from late Tuesday, where he had suspended further Coronavirus-stimulus...

Opinion – Wednesday 7 October 2020

U.S Equity Markets were mixed for most of the day, before selling off sharply into the close. The big driver today behind the selloff was a tweet from President Donald Trump, who said he has instructed his team not to negotiate a stimulus package until after the...