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[CNBC] Trump signs measure to provide extra $400 in weekly unemployment benefits [AP] Trump orders encroach on Congress’ powers, invite challenges [AP] US reaches 5 million confirmed coronavirus cases [Reuters] U.S. health chief arrives in Taiwan on trip condemned by China [Reuters] Oil giants’ production cuts come to 1 million bpd as they post massive […]
Understandably, attention remains focused on the dominant U.S. tech stocks, record highs in Nasdaq, sector rotation opportunities, and the Robinhood phenomenon. It’s a mania, after all. There are as well stimulus negotiations and the administration’s determination to pound away at China – non-bullish developments too easily disregarded. Crisis memories and concerns, meanwhile, fade with astonishing […]
Understandably, attention remains focused on the dominant U.S. tech stocks, record highs in Nasdaq, sector rotation opportunities, and the Robinhood phenomenon. It’s a mania, after all. There are as well stimulus negotiations and the administration’s determination to pound away at China – non-bullish developments too easily disregarded. Crisis memories and concerns, meanwhile, fade with astonishing […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: When Safety Is Dangerous Earnings season is beginning to wind down, and the impression we get from corporate reporting and economic data is one of resilience. While the tone of many of the conference calls we have listened […]
[Reuters] Wall Street dips on slowing job growth, U.S.-China tensions [Reuters] Global equities snap four-day rally on U.S.-China frictions; dollar firm [CNBC] Payrolls increase by nearly 1.8 million, topping expectations despite coronavirus resurgence [AP] Virus aid talks on brink of collapse; sides ‘very far apart’ [AP] Trump bans dealings with Chinese owners of TikTok, WeChat […]
Waiting on a pullback that may not come as gold enters uncharted waters and silver pushes above $28. The bullion market has now entered a new phase of the bull market. This week we cover the prices of gold and silver as they continue to see strength across the board. We will also cover the price […]
[Reuters] Stocks slip as investors wait for U.S. stimulus [Reuters] Gold scales record peak as gloomy economic outlook bolsters appeal [Yahoo/Bloomberg] Turkey’s Lira Hits Record Low as Interventions Fail to Stem Drop [CNBC] U.S. weekly jobless claims total 1.186 million, lowest level of the coronavirus pandemic [Reuters] White House, congressional Democrats harden stances on coronavirus […]
[Reuters] Gold shines on falling dollar, yields; pandemic cost concerns drag on shares [Yahoo/Bloomberg] U.S. Stocks Climb With European Stocks and Gold: Markets Wrap [CNBC] Asia Pacific stocks mixed as uncertainty over U.S. coronavirus relief measures lingers [Reuters] As dollar slides, some investors fret about its status as world’s reserve currency [CNBC] Private payroll growth […]
