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Market Brief – Thursday 10/22/20

Stocks and Treasury yields were flat in overnight trading on what is to be believed the final day of stimulus negotiations before they are too late. Stocks were mixed in early trading as reports a deal is almost done boosted spirits while Treasury yields were higher in early trading. Initial jobless claims fell below 800k … Read more

Market Brief – Wednesday 10/21/20

Stocks were flat in overnight trading but shot higher at the opening bell as the White House signaled negotiations would continue for another 48 hours. Stocks were unable to hold their opening bell enthusiasm as prices dipped into the red during early trading. Treasury yields were slammed higher in overnight trading but buyers stepped in … Read more

Market Brief – Tuesday 10/20/20

Stocks shot higher on stimulus optimism as today signals the last potential day to get a deal done before the election. Stocks were fading their overnight rally in early trading. Treasury yields were slammed back to their early October highs in overnight trading before buyers aggressively stepped in during early trading. Building permits rose +5.2% … Read more

Market Brief – Monday 10/19/20

Stocks were bulled up in overnight trading on stimulus optimism as the clock ticks down to get a deal done before the elections. Treasury yields rose and the dollar fell on the same news. Stocks struggled to hold on to their overnight gains and Treasury yields were fighting their way lower in early trading. Stocks … Read more

Market Brief – Friday 10/16/20

Stocks came flying out of the gate as investors continue to buy into stimulus optimism even as the window for a stimulus bill is quickly closing. The opening bell ramp didn’t hold as stocks were trending lower in early trading. Treasury yields rose in overnight trading on the same news and were pushed a bit … Read more

Market Brief – Thursday 10/15/20

Stocks fell in overnight trading and as soon as the opening bell rang, buyers came in to buy the dip sending stock prices higher in early trading. Treasury yields fell in overnight trading bringing sellers in at the opening bell who drove yields higher in early trading. Initial jobless claims missed expectations as 898k new … Read more

Market Brief – Wednesday 10/14/20

Stocks rose slightly in overnight trading and were struggling to find buyers in early trading. Treasury yields fell in overnight trading and were holding their overnight gains in early trading. Mortgage applications fell -0.7% last week despite record-low mortgage rates as purchase applications fell -1.6% and refinance applications fell -0.3%. The Producer Price Index rose … Read more

Market Brief – Tuesday 10/13/20

Stocks fell in overnight trading except for the tech-heavy Nasdaq-100 which rose slightly in overnight trading. The broad equity indices were headed lower in early trading. Treasury yields fell in overnight trading and 30-year Treasury yields fell below its 200-day moving average in early trading. The National Federation of Independent Business Small Business Optimism Index … Read more

Market Brief – Monday 10/12/20

Stocks leapt in overnight trading on stimulus and earnings optimism and continued to trade higher in early trading on the same hopes. Treasury futures traded slightly higher in overnight and early trading as the bond market is closed today for Columbus Day. Earnings season kicks off tomorrow and investors are hoping for an earnings beat … Read more

Market Brief – Friday 10/9/20

Stocks popped in overnight trading after President Trump announced he wanted a “mega-deal” for a stimulus package. The dollar slumped in overnight trading and Treasury yields rose slightly on the news. Stocks closed higher as investors kept are holding their stimulus optimism into the long weekend even though the time to pass another stimulus package … Read more