Insights, Delivered Daily.

Inflated. Stocks rose yesterday after the FDA approved a low-cost device for COVID rapid tests. The Fed Chief signaled a looser policy going forward, further stoking the equity rally in yesterday’s session.

Start with the good news. Stock indexes are hot and they continued to defy gravity yesterday, making more new highs. Good economic data, solid earnings, and more encouraging news from COVID treatment trials all helped power yesterday’s rally.

Mixed emotions. Stocks posted a mixed close yesterday as US-China relations seemed on track to improve. Consumers are losing confidence which concerned investors, but not all of them.

Everybody wants some. Stocks surged yesterday in response to positive developments in the fight against COVID. Also present in yesterday’s trading was optimism on US-China relations.

Flying high. Stocks sailed into the weekend adding further gains making it the fourth straight week of growth. Friday’s Flash PMIs show that the economy is expanding and sales of existing homes logged a record monthly growth.

Thin ice. Stocks steamed forward yesterday despite scary jobless figures. In thin, late summer trading, investors clamored for their old tech favorites.