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Wealth 101
May 6, 2020
Plugging Leaks
Plugging leaks. Stocks rallied yesterday on continued optimism about portions of the country coming back on line. An early-session rally was muted by a series of weak economic data and a Fed official warning of a slow but sure recovery, both contributing to stocks closing off their session highs.
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May 5, 2020
Viva!
Viva! Stocks staged a late day rally after weak economic data and mounting virus deaths gave way to an energy-driven rally as US crude producers are finally getting it. A new war of words is brewing between the US and China and traders are watching closely… nervously.
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May 4, 2020
Use The Force
Use the force. Stocks dropped on Friday as weak earnings soured investor enthusiasm. Manufacturing continues to struggle and the war of words between the US and China is heating up again.
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May 1, 2020
Back To Reality
Back to reality. Stocks sold off yesterday as investors could not avoid noticing weak economic numbers and disrupted earnings growth. Unemployment continues to surge but the pace appears to be slowing.
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April 30, 2020
Healing Effects
Healing effects. Stocks rose yesterday on positive news that Gilead’s Remdesivir drug may be effective in treating the Coronavirus. Gross Domestic Product took a hit in the first quarter surprising no one and the Fed still has our back.
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April 29, 2020
Push Me Pull You
Push me pull you. Stocks closed lower yesterday, giving up early gains, as investors could not shake off bad economic data. Earnings continue to throw mixed signals, in some cases giving investors hope.
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April 28, 2020
Can You Feel It?
Can you feel it? Stocks rose again yesterday on optimism that the country will be open for business again… soon. The Dow Jones Industrials rose 4 straight days in a row, its longest winning streak since February.
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