fbpx

Market Brief – Friday 10/30/20

Stocks fell in overnight trading after Apple disappointed investors. Stocks continued to liquidate in early trading. Treasury yields were flat in overnight trading and rose in early trading as liquidations were also affecting the Treasury bond market. The Personal Consumption Price (PCE) Index rose +0.2% in September and +1.4% from this time last year. Excluding … Read more

Market Brief – Thursday 10/29/20

Stocks were volatile in overnight trading but once the opening bell rang, investors were hitting the bid and frantically buying stocks. Treasury yields were flat in overnight trading and rose in early trading as sellers continue betting on inflation. Initial jobless claims beat expectations as 751k Americans filed for unemployment benefits last week. Continuing claims … Read more

Market Brief – Wednesday 10/28/20

Stocks fell in overnight trading after news broke parts of Europe will be going back into lockdown. Stocks extended their decline in early trading as dealers are being forced to sell. Treasury yields fell in overnight trading however sellers were back on the bid trying to push yields back up in early trading. Mortgage applications … Read more

Market Brief – Tuesday 10/27/20

Stocks nudged higher in overnight trading but were mixed in early trading with the Nasdaq-100 being the only major index in the green. Treasury yields fell in overnight trading and were holding their overnight gain in early trading. Durable goods new orders rose +1.9% in September and -0.4% from this time last year as new … Read more

Market Brief – Monday 10/26/20

Stocks started the day lower as hopes for a weekend stimulus deal were soured. Stocks were down sharply in early trading. Treasury yields fell in overnight trading and extended their decline in early trading. The Chicago Fed National Activity Index slowed to +0.27 in September from 1.10 the month before. Any reading over zero shows … Read more

Market Brief – Friday 10/23/20

Stocks rose slightly in overnight trading on stimulus optimism even though it is now too late for a stimulus bill before the election. As hope faded, stocks dipped into the red in early trading. Treasury yields rose in overnight trading but as sellers appear to be exhausted, yields fell in early trading. The Markit preliminary … Read more

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