The media has played up the upcoming ECB with all the Sturm und Drang that can be mustered. However, investors and other market participants seem considerably less anxious. And for a good reason: at the end of the day, it does not really matter that much. Despite oil prices rising more than a third this […]
Stocks extended the late-week rebound to hit a fresh record on Friday, boosted by strong earnings growth. All four major US indices—the Dow Jones, S&P 500, NASDAQ and Russell 2000—finished higher ahead of the weekend. Helping buoy investor optimism: the logistics for vaccine distribution in the US improved, after President Joseph Biden announced his administration […]
Notwithstanding Friday’s weaker than expected nonfarm payrolls report, US equity indices for the Dow Jones, S&P 500, NASDAQ and Russell 2000 all finished higher on the final day of trade as well as for the week. The small-cap Russell saw its steepest boost since June; the SPX saw its best weekly performance since November. The […]
The S&P 500, Dow Jones and NASDAQ indices all slumped on Friday, to complete the worst weekly selloff in three months. The sharp tumbles were triggered by speculative excess along with ongoing pandemic concerns and the continued inability of US and global health systems to effi-ciently distribute vaccines. Expect these conditions to remain firmly in […]
We are now heading into what would typically be a quiet time of year when everyone spends time with their loved ones and market activity is more muted. This isn’t a normal year, though, and while volumes may be low, activity will be anything but. There are key deadlines on both sides of the pond […]
Time is running out for passage of additional US fiscal stimulus in 2020 as the year winds down and the holidays rapidly approach. Congressional parties hit a brick wall yet again, even with the scaled-down $900 billion plan, this time on conflict over employer virus liability. Each time the negotiations appear to be about to […]
