Morning all. Markets on the rise this morning, latching on to the positive manufacturing data from China, but also extending on the strong end to the session in the US yesterday. I think the optimism surrounding manufacturing pickup in China should be viewed with caution. In February they were effectively […]
etoro
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Morning all. US futures having been trying to pick themselves up since the gap down last night, and they’ve made pretty good progress. Trump finally had to give up on his Easter reopening of the US yesterday as he extended the social distancing measures in place to the end of […]
Afternoon all. I was looking at the weekend futures on IG and noticed that following Trumps decisions not to quarantine New York, they have recovered a bit. https://www.reuters.com/article/us-health-coronavirus-usa/trump-drops-idea-of-new-york-lockdown-as-u-s-death-count-crosses-2000-idUSKBN21E27W I feel this is temporary relief though and as I continue to look at the news stories out there getting increasingly concerned […]
Morning all. I could not believe what I was hearing from Trump last night during the daily Task Force Briefing. After the various COVID-19 stats released yesterday, and following updates from various state Governors I really thought he would start altering his tone to reflect to gravity of the situation. […]
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 […]
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 […]