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Market Brief – Friday 8/7/20

Stocks fell in overnight trading as they followed Treasury yields lower ahead of today’s Nonfarm Payroll report, which President Trump said would be huge. Shortly after markets opened, sellers slammed Treasury yields higher and were attempting to bid stocks into the green. July Nonfarm Payrolls beat expectations with a 1.763 million print which brought the … Read more

Market Brief – Monday 7/31/20

Stocks rallied in overnight trading after tech earnings blew out analyst’s expectations sending stocks higher. The overnight rallied quickly faded in early trading as sellers dominated the tape. Treasury yields fell slightly in overnight trading but rose in pre-market trading, only to fall right on the minute of today’s Quantitative Easing purchase. Personal Consumption Expenditures … Read more

Market Brief – Thursday 7/30/20

Stocks fell in overnight trading after reports of rising case counts in Asia and after a worse-than-expected second-quarter GDP print for Germany. Treasury yields crumbled on the news and are threatening to break a critical technical support level that if broken would have yields quickly revisiting their all-time lows. Initial jobless claims beat expectations with … Read more