Morning all. Plenty of us were surprised by the strength of yesterday’s rally following the terrible jobless claims data, and there’s no shame in admitting that. To all those who knew it was going to happen, congratulations. I still believe this rally is overcooked though and it is interesting to […]
Mark
79 posts
Morning all. Yesterday was a constructive day for the portfolio and I managed to close several more positions, achieving the objective of bringing up the cash balance a little. I’ve moved from the weekly down to the daily to take a look at the SP500, which has just had 3 […]
Morning all. “At last we have a deal,” Senate Majority Leader Mitch McConnell said around 1:37 a.m. ET from the floor of the Senate. ”“In effect, this is a war-time level of investment into our nation.” Asia continued its prior day rally after records breaking gains in the US, and […]
Evening all. I’ve been trying to decide what I think of today’s record breaking rally in the US markets, and I think the closest I can get is bewilderment. I recently had to revise my downside expectations to be worse than I had forecast because of the extraordinary extent of […]
Evening all. Today didn’t end up being the day for the markets it could have been, after the US Senate failed to agree a stimulus deal. Markets started heavy this morning as this deal, which was initially voted on Sunday night was unsuccessful but hopes that issues could be overcome […]
Last week was quite a crazy one for markets, the Dow experiencing its worst week since 2008, when the global financial system went into meltdown. Read more: https://www.cnbc.com/2020/03/19/stock-market-futures-open-to-close-news.html If we go back to the start of this market correction, I was initially looking for a 20% correction, just touching that […]
Afternoon all. There are plenty of reasons to be gloomy at the moment. In life, things are very different and many people are isolating to do their part in removing COVID-19 transmission opportunities, and in investing nearly everything is down in value. If you’re a copier of mine on eToro […]
Evening all. Found this article, it’s a really excellent read on how the downside volatility can accelerate and why what we might sometimes call panic selling is really forced selling that can that feed a cycle that just exacerbates the situation. Too late for me to dig into this but […]
Start of a recovery or is this likely to be a dead cat bounce? Didn’t think that a Friday would be the day for a sustainable rally given the potential headline risk of weekend developments. https://www.cnbc.com/2020/03/19/stock-market-futures-open-to-close-news.html U.S. stock futures jumped on Friday, pointing to a second day of gains. Nasdaq […]
Potential good news story brewing over in China & Japan with a Flu treatment called Favipiravir/Avigan, which seems to be effectiveness in helping with recovery from COVID-19, at least in milder cases. In Shenzhen city in China, a clinical trial involving 80 participants demonstrated better chest improvement in those treated […]