Or coming close to it. The steepest contraction in the U.S. economy since the Great Depression has just rung in for Q2 2020 (2Q20 GDP). Not surprisingly, real gross domestic product (GDP) fell at an annual rate of 32.9 percent in the second quarter. In the first q...
Well, at least that was what things were looking like when the Golden Cross hit earlier this month. As discussed in our prior blog, there was a breakout in consolidation as the early parts of the re-opening got underway and the July earning season started to kick in...
as the mantra goes...We kick off into the earning season tomorrow with the big banks. Wells Fargo, J.P. Morgan, etc. After that, we have Netflix on Thursday with their earnings report. Over the next couple of weeks, we get a glimpse into the earnings for all pu...
Since the high of June 8 and discussed in our previous blogs, the market has been in a perpetual consolidation period. At that time, the short-term bearish signals kicked in and you could see SPY trade in ranges between high of 315.7 and low of 298.93.
July 2, 2020, was a differen...
What a ride it has been this year for investors. If you are still here with us then you certainly have seen two extremes in the market this year. By all measures, COVID-19 spread as a regional crisis in China's Hubei province to a global pandemic that has disrupted global econ...
