So, the saying "Sell in May and go away" really did not apply for the Summer of 2020. Markets in July and June saw all-time highs for all major indices. And August was no different.
Historically, the monthly returns on the S&P 500 for August are usually low. In fact, w...
Just a correction from February 19, 2020 market plunge. Or was this the shortest bear market in U.S history? In a market downturn, it is easy to switch on the panic button and visualize your investment dropping and whipping out your retirement plans. But what is important is to understand what is...
With all the uncertainty with the global pandemic, U.S-China tensions, social unrest, and unemployment benefits expiration, the S&P 500 is already posting positive returns for investors in six of the last seven weeks. Since its low on March 23, 2020, the S&P 500 is now up 50...
On August 6, 2020, the Dow Jones formed the "Golden Cross" when it's 50-day moving average (DMA) broke above its 200 DMA. It now joins the S&P 500 and NASDAQ. As most investors are keen to believe, this traditionally signals a bullish trend. The DOW has not post...
and it looks like the stock market is still in favor of the Bulls. If only so slightly. There were many in the media who were ominous about a coming correction after the second-quarter gain in the S&P 500. For this month alone, the S&P 500, Nasdaq Composite and Russell 200...
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...
