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Market Brief – Wednesday 1/6/20

Stocks were mixed in overnight trading with tech stocks trading lower. Investors appear pleased with the Georgia election results and were bidding stock prices higher in early trading. Treasury yields were aggressively slammed in overnight trading sending 30-year Treasury yields over 1.8% before buyers began to put a halt to the computerized selling. ADP Nonfarm … Read more

Market Brief – Tuesday 1/5/20

Stocks slipped in overnight trading but buyers remain vigilant about buying every dip. Treasury sellers continue their overnight selling of bonds and shortly after open were able to take yields back to yesterday’s high as buyers continue to attempt to fend off the persistent wave of selling. Redbook same-store weekly brick-and-mortar retail sales rose +0.5% … Read more

Market Brief – Monday 1/4/20

Stocks rose in overnight trading but quickly reversed as fears hit investors which sent stocks substantially lower in early trading. Treasury yields sold off in pre-market trading as computer algorithms dump Treasury bonds. Yields quickly reversed their overnight losses in early trading as investors look to bonds for safety. The Markit Manufacturing PMI rose in … Read more

Market Brief – Thursday 12/31/20

Stocks and Treasury yields were quiet in overnight trading as the world starts moving into the new year. Stocks and Treasury yields were down slightly in early trading. Initial jobless claims beat expectations as +787k Americans filed for unemployment benefits last week. Total unemployment claims, including all forms of pandemic unemployment assistance, fell -799.8k to … Read more

Market Brief – Wednesday 12/30/20

Stocks rose slightly in overnight trading as the dollar tumbled to its 2-year low. Treasury yields rose slightly in overnight trading. Both stocks and yields were holding their overnight moves in early trading. The trade deficit increased to $84.82 billion in November, the largest on record. The Chicago PMI rose slightly to 59.5 in December … Read more

Market Brief – Monday 12/28/20

Stocks rallied in overnight trading on news the Brexit deal was done and that President Trump signed the stimulus bill as investors believe these were the two major hurdles holding stock prices back. Treasury yields rose in overnight trading on the same news as 30-year Treasury yields slammed into 1.7% where they came to an … Read more

Market Brief – Thursday 12/24/20

Stocks rose slightly and Treasury yields fell slightly in overnight trading. Stocks were holding their overnight move in early trading, while Treasury yields were falling in early trading. Stocks closed higher and Treasury yields lower in light volume as markets closed early for Christmas.

Market Brief – Wednesday 12/23/20

Stocks rose in overnight trading and were holding their overnight gains in early trading. Treasury yields were flat in overnight trading until pre-markets, where aggressive selling took 30-year yields back over 1.7% as computer-traded models continue to sell. Last week 803k Americans filed for unemployment benefits while total claims, including all forms of pandemic unemployment … Read more

Market Brief – Tuesday 12/22/20

Stocks rose in overnight trading after the long-awaited stimulus bill passed both houses of Congress but were trading slightly lower in early trading. Treasury yields fell in overnight trading and were still lower in early trading as sellers continue to attempt to push yields higher. Redbook same-store weekly brick-and-mortar retail sales fell -0.9% last week … Read more

Market Brief – Monday 12/21/20

Fears of a mutated, highly infectious strain of COVID-19 sparked fears in overnight trading as several countries closed their borders to Great Britain after the strain was detected. Stocks were down early trading but buyers showed up as U.S. investors appear to be unconcerned. Treasury yields fell sharply in overnight trading on the same news … Read more