US equity indexes gained slightly on the week: DJIA +0.1%, S&P 500 +0.2% and NASDAQ rose +0.8%. It seemed a bit like groundhog day for market headlines this week. Investors continued to watch for signs of the possibility of new fiscal stimulus ahead of the election. Brexit negotiations dragged on.…
US equity indexes gained on the week: DJIA +3.3%, S&P 500 +3.8% and NASDAQ rose +4.6%. This was another headline driven week. US President Trump was released from the hospital on Monday. The VP debate took place on Wednesday between Senator Kamala Harris and VP Mike Pence at which a…
US equity indexes posted modest gains for the week: DJIA +1.9%, S&P 500 and NASDAQ rose +1.5%. This was a news and headline heavy week. It started with a contentious first US presidential debate and ended with US President Trump unfortunately announcing via Twitter that he tested positive for Covid-19…
US equity indexes were mixed with selloffs stabilizing a bit in the latter part of the week. DJIA -1.8%, S&P 500 -0.6%, and NASDAQ rose 1.1%. New coronavirus restrictions in the UK, rising case counts in parts of Europe, and lack of a new US fiscal package weighed on market…
US equity indexes were moderately lower this week: DJIA flat, S&P 500 -0.7%, and NASDAQ fell -0.6%. This week, CDC Director Robert Redfield gave fairly specific guidance, saying at a Senate hearing that he sees a COVID-19 vaccine being “generally available to the American public” in the “late second quarter,…
In early August we declared that ‘Fixed Income is Dead, Long Live FX’. Over the past month, this view has become almost passé. There has been plenty of global media on the topic (here, for example). Meanwhile, the Fed’s embrace of AIT (along with extended forward guidance) mostly seals the…
