Opinion – Wednesday 25 November 2020

Equity Markets continued their positive start to this holiday-shortened week, finishing the day higher, with the Dow and S&P closing at new all-time highs. The Trump administration called on the General Services Administration to assist in the formal transition...

Opinion – Tuesday 24 November 2020

As speculated yesterday, Vaccine optimism boosted markets once again, which finished the day higher, led by Dow which gained 1.13%. We got more positive news on a vaccine. Operation Warp Speed Chief Moncef Slaoui said the U.S. hopes to begin administering Coronavirus...

Opinion – Monday 23 November 2020

U.S. Equity markets fell to end a choppy week on Friday, led by the Dow which closed lower by 0.75%. Indices were mixed throughout much of the day before a late-sell-off in the last 20 minutes of trading. There was positive vaccine news, after Pfizer and BioNTech said...

Opinion – Thursday 20 November 2020

U.S. Equity Markets snapped a two-day losing streak, finishing the day higher, led by the NASDAQ which closed higher by 0.76%. U.S Indices sold off in the morning on worse-than-expected jobs data. Jobless Claims rose unexpectedly, marking the first increase in five...

Opinion – Thursday 19 November 2020

U.S. Equity Markets bounced around as investors digested more vaccine headlines before selling off into the close in what turned out to be a volatile trading session. Both the S&P and Dow led the decline, closing lower by 1.16%. Markets initially rallied after we...

Opinion – Wednesday 18 November 2020

U.S. Equity Markets took a small breather after reaching new highs on Monday, finishing the day lower, led by the Dow which closed with a loss of 0.56%. Reimposed COVID-19 restrictions spooked investors. California Governor Gavin Newsom said the State was pulling the...

Opinion – Tuesday 17 November 2020

Vaccine optimism once again sent U.S. Equity Markets to all-time high, led by the Dow which closed just below 30,000 with a gain of 1.60%. Moderna said that the vaccine met its primary endpoint for efficacy. MRNA also said that its vaccine was 94.5% effective in the...

Opinion – Monday 16 November 2020

U.S. Equity Markets ended the week on a high note, finished the day higher, with the S&P and Dow both closing higher by 1.37%. Even though Coronavirus cases are still an area of concern, National Institute of Allergy and Infectious Diseases Director Dr. Anthony...

Opinion – Friday 13 November 2020

COVID-19 trends spooked Equity Markets, which finished the day lower, led by the Dow closing with a loss of 1.08% on what turned out to be another volatile trading session. U.S. case trends continued to hit record highs, bringing concerns that U.S individual States...

Opinion – Thursday 12 November 2020

U.S. Equity Markets resumed their rally, finishing the day higher, led by the NASDAQ 100 which closed with a gain of 2.31%, while the Dow closed basically unchanged. Vaccine optimism was a driver again yesterday. National Institute of Allergy and Infectious Diseases...

Opinion – Wednesday 11 November 2020

U.S. Equity Markets took a breather yesterday, finishing the day mixed. The Dow closed 0.9% higher while the NASDAQ 100 continued Monday’s reversal, closing lower by 1.74%. After Monday’s positive vaccine news, focus shifted to how Pfizer and BioNTech would distribute...

Opinion – Tuesday 10 November 2020

U.S. Equity Markets surged on vaccine optimism, finishing the day higher but well off the intra-day highs. The Dow led the market higher closing 2.95% higher, while the NASDAQ 100 finished the session with a loss of 2.16%. Vaccine data was the big story. Pfizer and...

Opinion – Monday 9 November 2020

U.S Equity Markets closed mixed after bouncing around for most of Friday’s session. The Dow closed 0.24% lower while the NASDAQ 100 finished Friday with a gain of 0.11%, to have it’s best week since April at +7%. COVID-19 trends still weighed on investor sentiment....

Opinion – Friday 6 November 2020

U.S. Equity Markets continued their post-election rally, finishing the day higher, led again by the NASDAQ which gained 2.58%, while S&P closed 1.94% higher. Weekly Jobless Claims were in line with last week but remained below 1 million for the tenth straight...