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Daily Market Note (165)

Daily Market Note | Siebert Financial Corporation (“Siebert”) has a full range of brokerage and financial advisory services offered through its operating subsidiaries, affiliates and brands associated with Siebert Financial described below (165)

Daily Market Note

Seeking Calm

Seeking calm. Stocks achieved modest gains yesterday as shares rocketed up from deep early losses only to fade, once again later in the session. Investors continue to worry over the lack of a follow-on stimulus package while jobless data showed a greater than expected rise in first-time claims last...
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Daily Market Note

Out Of Batteries

Out of batteries. Stocks sold off yesterday with relentless selling throughout the session. Investors are growing more concerned about a rebound in COVID cases as we approach a contentious election with little apparent willingness on the part of Congress to enact new stimulus.
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Daily Market Note

Connecting The Dips

Connecting the dips. Stocks snapped a losing streak yesterday as investors bought beaten down technology shares. Chairman Powell and Secretary Mnuchin reminded Congress that more stimulus would be needed to support recent economic gains.
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Daily Market Note

Ground Lost

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Daily Market Note

Unplugged

Unplugged. Stocks fell on Friday, marking a third week of losses for equities. Technology stocks continue to pull the indexes down as funds flow into value shares.
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Daily Market Note

Not Buying

Not buying. Stocks slipped yesterday in the wake of Wednesday’s Fed comments as investors searched for a reason to buy stocks. Weekly unemployment numbers improved but remain stubbornly high.
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