Dow gains 570 points as Nasdaq starts recovery U.S. stocks quickly bounced back from a sharp sell-off on Friday, 5th March 2021as bond yields eased. A better than expected jobs report boosted sentiment too. The Dow Jones Industrial Average climbed 572 points, to 31,496 after losing 150 points in intradayRead More →
Tech stock sell-off gains momentum Asian markets fell heavily Thursday, 4th March 2021 in early trade, tracking a U.S. decline as further rises in bond yields rattled investors as they fret that this may lead to higher inflation and prompt central banks to raise interest rates early than expected. ThisRead More →
Gold is a clear winner from the pandemic Gold was initially sold off in February and during the early part of March. But since then gold has made substantial progress from the March lows, mostly due to central bank stimulus activity. Gold was around $1775.00 as of Wednesday 24th June.Read More →
Stocks select reverse gear U.S. and global stocks went into free fall on 11th June 2020 as the Dow recorded a 1800 point drop in one session, and as investors mull COVID-19 spikes, the Fed’s outlook and jobless claims data. The Fed promised it will keep interest rates low untilRead More →
Real or fake recovery? The Nasdaq hit a record all time high on 9th June 2020 as it continued its unrelenting upward march, as big bets push indices ever higher on the hope that economies around the world will re-open quickly. I’m not so sure – I am beginning toRead More →
Disconnected from reality? Are elevated prices in U.S. markets showing a disconnect from reality? Is the free flowing Federal Reserve liquidity too easily available? Are central banks too eager to please? Are central bank fearful of failure? Do they really need to step in every time economies face a problem?Read More →
Stocks up – shrug of coronavirus Stocks yet again set new records ignoring the potential threat of the coronavirus – (COVID-19). Despite the worrying number o uncertainties the virus brings with it, and there are many, stocks climb ever higher! This may be for a number of reasons:- Central banksRead More →
New records set – 10th February 2020 Wall Street’s S&P 500 index closed up at a new record high Monday of: 3352, virtually ignoring fears surrounding the coronavirus outbreak. Nasdaq set a new record too. S&P 500 closed up at an all time high of: 3352 Nasdaq closed up atRead More →
Shoulder shrug! U.S. markets have pretty much shrugged off everything that’s been thrown at it for some time now – and markets are likely ignoring the carnage the coronavirus could bring. It does seem utterly astonishing to me that U.S. markets are trading at near all time highs despite theRead More →
European stocks slide European stocks fell Friday as German industrial production slumped. Investors were also waiting for U.S. jobs data due for release Friday at: 13:30 GMT. The coronavirus concern remains high! Industrial data readings German industrial production came in far worse than expected, with a 3.5% drop in DecemberRead More →