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Wealth 101
April 6, 2020
Bitter Pill
Bitter pill. Investor sentiment soured on Friday after the monthly unemployment numbers came in far worse than expected. It wasn’t all bad news as crude oil enjoyed a healthy rally on hopes that the Saudis and Russians would meet up and end their costly spat.
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April 3, 2020
Gusher
Gusher. Stocks rallied yesterday on hopes that the President can work out a deal with the Saudis and the Russians to cut crude production. More than 6 million Americans filed for unemployment insurance last week, the largest weekly gain on record.
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April 2, 2020
Up-Ended
Up-ended. Stocks sold off in yesterday’s session as uncertainty around the path of the virus continued to instill fear in the markets. The President’s warning of a rough two weeks and the potential for 240,00 US deaths weighed heavily on risk assets yesterday.
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April 1, 2020
In Like A Lion Out Like A Bear
In like a lion out like a bear. Stocks sold off yesterday as projected Coronavirus cases caused investors to fear that the worst is yet to come. Yesterday’s selloff capped off a quarter of losses, making it the worst first quarter on record for both the Dow Jones and S&P500 indexes.
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March 31, 2020
Happy Days Are Near Again
Happy days are near again. Stocks rose in yesterday’s session on optimism that the virus may be beaten quickly. Investors drew comfort in declining new cases of COVID-19 in hard hit Italy, Spain, and Seattle.
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March 30, 2020
Bull In A China Shop
Bull in a china shop. Stocks declined on Friday capping off a wild week of trade in which equities mounted their largest 3-day rally since the 1930’s. The President signed the $2 trillion CARES act into law but investors have fears that it may not be enough.
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March 27, 2020
Eleven Eleven
Eleven Eleven. Stocks rallied yesterday as stimulus optimism spread virally. As Coronavirus cases rise in the US so has unemployment, with a record 3.2 million workers filing for unemployment benefits in the past week alone.
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