Insights, Delivered Daily.

Just a bucket of ice. Stocks sold off for a second straight session as traders began to fear that a recovery might take a bit longer than they originally hoped. Fed Chairman Jerome Powell raised a warning that the country’s economic outlook is highly uncertain, requiring more stimulus.

All over the map. Stocks slid yesterday as a steady stream of bad news caused bulls to lose their nerve. Selling accelerated into the close as many wondered if the prior week's optimism was a bit overdone.

Fear factor. Stocks had a mixed close yesterday as investors were concerned that a "second wave" might not be so good for the economy. Deeper losses earlier in the session gave way to later session buying because it is hard to hold back market optimism, even though it may be unfounded.

Teflon rally. Stocks rallied on Friday capping off a positive week on optimism, yes optimism, that things will eventually get better or perhaps, things can’t get much worse for the economy. The rally in stocks came despite a record number of job losses in April.

What recession? Stocks traded up yesterday on encouraging news on virus vaccine front and the possibility that tensions may be easing between the US and China. Traders shrugged off weekly employment figures which showed that 3.2 million Americans filed first time unemployment claims last week alone.

Trade war 2.0? Stocks could not hold onto gains yesterday, selling off late in the session as traders could not ignore grim employment numbers. The war of words between the US and China are heating up again, and now it’s going beyond its handling of the Coronavirus outbreak.