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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

Market Brief – Thursday 7/23/20

Stocks rose in overnight trading but immediately gave back those gains in pre-market trading after the initial jobless claims came in higher than expected. Treasury yields once again fell in overnight trading and extended their drop into early trading while stocks were down slightly in early trading. Initial jobless claims missed expectations by rising 1.416 … Read more

Market Brief – 7/20/20

Stocks were quiet in overnight trading but after several hopeful vaccine reports hit the wire, stocks rallied in early trading. Treasury yields fell in overnight trading but followed stocks higher on the same vaccine optimism. The Nasdaq-100 led stocks higher as investors panic bid technology stocks higher without any news driving the buying spree. Treasury … Read more