John Hancock: Weekly Market Recap Week Ended August 28th
Upward trend The major U.S. stock indexes climbed around 3% and the S&P 500 recorded its eighth positive week out of the past nine. The S&P 500 and the NASDAQ continued to set new record highs; the Dow turned positive year to date while remaining about 3% below its historic peak. GDP drop-off The […]
Charles Schwab: U.S. Dollar Outlook
The U.S. dollar has fallen by about 7% against a broad basket of currencies since its mid-March peak. After a nearly decade-long bull market that saw it appreciate by more than 40%, we believe the dollar could be headed for a longer-term decline. Because the dollar is the world’s reserve currency, a change in its […]
Alliance Bernstein: Global Macro Outlook
Key Forecast Trends Outlook . Source: https://www.alliancebernstein.com/library/global-macro-outlook-august-2020.htm
John Hancock: Weekly Market Recap Week Ended August 21st
Retail earnings jump A difficult quarterly earnings season is wrapping up on a strong note, as several major retailers reported surging sales that exceeded analysts’ expectations. Among them was Target, which reported the largest quarterly sales growth in its 58-year history, with online sales driving much of the surge. Mixed global outlook Economic […]
LPL: The Best 100 Days Ever
Market Blog August 14, 2020 The S&P 500 Index has been flirting with a new all-time high the past few days and is currently less than half a percent away from exceeding the last all-time high set on February 19. What a different world it is from that last new high, as we’ve experienced one […]
Kevin Miller on Market Watch Deep Dive
Deep Dive Buy in Europe, where stocks have been ‘brutally beaten up,’ says fund manager Published: Aug. 17, 2020 at 9:37 a.m. ET By Philip van Doorn The decline in the dollar also helps American investors holding overseas stocks Three things have led Systelligence CEO Kevin Miller to begin shifting money at his […]
Kevin Miller on TD Ameritrade Market On Close
Click and watch TD Ameritrade Market On Close with Kevin Miller, CEO and Portfolio Manager of E-Valuator Funds.
John Hancock: Weekly Market Recap Week Ended August 14th
On the cusp The S&P 500 on Wednesday closed within a tenth of a percentage point of its record high set six months earlier, but the index couldn’t quite climb above its prior peak of 3,386 points. At Friday’s close, it remained about 0.4% below the record. Signs of recovery U.S. retail sales rose […]
LPL: Labor Market Continues Summer Momentum
After falling the most on record in April, the US labor market has rebounded with three consecutive months of job gains, adding back more than 9 million of the 22 million jobs lost in March and April. In July, the economy added back nearly 1.8 million jobs, ahead of Bloomberg consensus estimates for 1.5 million […]
Federated: ‘Historic’ Can Work Both Ways
BOTTOM LINE Second quarter U.S. gross domestic product (GDP) plunged 32.9% quarter-over-quarter annualized (-9.5% non-annualized), marking the single largest economic contraction since record-keeping began for this metric in 1947. The carnage was paced by significant declines of 35.6% in personal consumption, 27% in nonresidential fixed investment, 38.7% in housing and a massive liquidation of $315.5 […]