More
[Yahoo/Bloomberg] Europe Stocks Climb With U.S. Futures; Dollar Flat: Markets Wrap [Reuters] Stocks gain as German survey fuels optimism; dollar firm [Reuters] China lowers yuan midpoint to weakest since 2008 global financial crisis [Reuters] Dollar holds advantage as Hong Kong tensions test risk-wary investors [Reuters] Oil falls as U.S.-China tensions take toll [CNBC] Coronavirus live […]
[CNBC] Coronavirus live updates: Airlines, federal agencies add new procedures for summer air travel [Reuters] Hong Kong police fire tear gas as thousands protest security law [Reuters] China’s new Hong Kong laws a ‘flagrant breach’ of agreement, foreign officials say [Reuters] China says U.S. law on audits and regulations will harm both sides [Reuters] China […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Implications of the Shutdown for Real Estate A walk down Main Street in Anytown, USA paints a very tragic picture. Entrepreneurship, the lifeblood of the economy and the backbone of the American spirit, is struggling mightily. Although Congress […]
[Reuters] Wall Street Week Ahead: Investors look beyond drug makers as hunt for COVID-19 treatment heats up [CNBC] Coronavirus live updates: Protests break out in Spain against lockdowns; US cases top 1.6 million [Reuters] Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic [Reuters] Exclusive: U.S. accuses China of blocking U.S. flights, […]
For the Week: The S&P500 rallied 3.2% (down 8.5% y-t-d), and the Dow rose 3.3% (down 14.3%). The Utilities gained 2.8% (down 12.2%). The Banks jumped 5.9% (down 40%), and the Broker/Dealers rose 5.0% (down 16.6%). The Transports surged 9.1% (down 22.3%). The S&P 400 Midcaps jumped 7.4% (down 17.8%), and the small cap Russell […]
[Reuters] Hong Kong tensions unnerve world stocks, oil tumbles [CNBC] Hong Kong plunges more than 5% as Beijing plans to impose new security laws [Reuters] Oil drops 5% on China-U.S. tensions, demand doubts [Reuters] New U.S.-China tensions lift dollar; euro, offshore yuan fall [Reuters] U.S. condemns China’s ‘disastrous proposal’ to control Hong Kong: Pompeo [CNBC] […]
This week we review the price movements of gold, silver, platinum, and palladium. Will silver pricing follow gold and if so when? We review the jump up in gold followed by sharp selloff Monday that prevented gold from breaking out to even higher levels. Thanks for listening, if you enjoy be sure to subscribe to […]
[Reuters] Stocks retreat as trade tensions add to pandemic woes [Reuters] Shares lose footing, oil marches on [Reuters] Oil at highest since March on lower U.S. inventories, recovering demand [CNBC] Weekly jobless claims rose 2.438 million, vs 2.4 million estimate [Yahoo/Bloomberg] Trump Points Finger at China’s Xi, Escalating Fight Over Virus [CNBC] White House report […]
