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[Yahoo/Bloomberg] U.S. Stocks Rise With Europe Stocks; Dollar Slips: Markets Wrap [Reuters] Oil prices drop for second straight session as coronavirus spike cools demand hopes [CNBC] California orders bars to close in Los Angeles and other counties over coronavirus spread [Yahoo/Bloomberg] The U.S.-China Feud Gets Nasty [Yahoo/Bloomberg] Gold Edges Closer to $1,800 as Virus Cases […]
[Reuters] Wall St Week Ahead-RPT-Investors eye economic data, stimulus measures as stocks rally stalls [Reuters] Global coronavirus cases exceed 10 million [Reuters] China’s central bank says economy faces risks from global pandemic, efforts against domestic resurgence [Yahoo/Bloomberg] Treasuries’ Best Run Since 1995 Shows Traders Girding for Worst [WSJ] American Companies Find Willing Buyers of Debt […]
[Reuters] New pandemic clampdowns in Texas, Florida rattle business owners [AP] Bar owners worry as virus surges in their workplaces [Reuters] New U.S. coronavirus cases hit 45,242 for biggest one-day increase of pandemic [CNBC] Credit card industry reins in balance-transfer offers as banks from JPMorgan to Amex fear defaults [BBC] Coca-Cola suspends social media advertising […]
The much vaunted “V” recovery is improbable. To simplify, a somewhat “w”-looking scenario is a higher probability. After such an abrupt and extraordinary collapse in economic activity, a decent bounce was virtually assured. Millions would be returning to work after temporary shutdowns to a substantial chunk of the U.S. services economy. There would be pent-up […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Déjà vu or a Bump in the Road to Riches? This week, the reopening trade and the initial ebullience we’ve seen in the capital markets over the last several weeks have come under significant pressure. Concerns have mounted […]
[Reuters] Wall Street lower as banks fall, virus cases surge [Reuters] Global stocks, oil and euro gain despite surging coronavirus cases [AP] US consumer spending up 8.2%, partly erasing record plunge [CNBC] Coronavirus mortgage bailouts suddenly swell as homeowners face new struggles [Reuters] Falling AAAngels: The shrinking ‘triple A’ world [CNBC] Coronavirus live updates: Housing […]
This week we saw some short term downwards pressure on the industrial metals as gold held strong, hitting top end pricing, while the DOW dropped in earlier trading. Gold touched 8 year highs as the usual trend of summer seasonal pricing movements are called into question. A spike in new virus cases has rattled equities […]
[Reuters] Stocks fall on virus fears ahead of jobless claims [Reuters] Oil prices fall further on virus fears, U.S. crude stock build [CNBC] U.S. hits highest single day of new coronavirus cases with more than 45,500, breaking April record [Reuters] U.S. layoffs stay high as weak demand lingers despite businesses reopening [AP] Orders for US […]
