US Open – Regional Lockdowns Expectations, Stress Tests, Oil rebounds, Gold consolidates

Equities are trying to continue their painstaking climb up a rocky wall of virus uncertainty, supported by global fiscal and monetary stimulus but somewhat limited on growing expectations regional lockdowns will limit the economic recovery trade over the next several weeks.  Deterioration in the US outlook and the Fed’s latest bank stress test results are […]

US Open – Friday rally on Lagarde’s push for fiscal stimulus and China pledge to US, Commodities rally

European stocks and US equity futures are climbing higher on ECB President Lagarde’s warning to EU leaders of market risks if the EU can’t quickly agree upon the EU recovery fund and after China pledged to follow through with the remaining $30 billion plus worth of American agriculture products under the phase one deal.  Financial markets […]

US Close – No Summer Doldrums here, Haldane’s dissent, Oil higher on Iraq’s cut strategy, Gold softens on strong dollar

Wall Street will not be seeing summer doldrums anytime soon.  Global equities will struggle to improve upon recent gains on a debatable V-shaped economic recovery, rising COVID-19 cases, rebalancing of the S&P and Russell indexes, and a wrath of geopolitical risks, stemming from the US-China trade war, tension amongst the Koreas, and even disputes on […]

US Close: Beijing Lockdown Risk, Trump’s Trillion-dollar dream, Retail Shocker, Florida/Texas cases spike, Powell’s Uncertain Recovery, Oil and Gold follow Beijing story

Wall Street’s motto is “Just give me any reason to buy please!” Yesterday, US equities roared higher after the Fed delivered on their promise to buy corporate debt.  Today’s stock market surge started with the news that the Trump administration is readying a $1 trillion infrastructure proposal to propel the economy.  Traders may have forgotten […]