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Archive for 2020

Daily Commentary

Headline News: U.S. stock futures are lower on fears over rising COVID-19 cases worldwide, potentially slowing down economic recovery. The prospect of no new fiscal stimulus also has investors worried as we end the week. California and Ohio imposed nightly curfews joining 20 states that have adopted new measures to fight the virus spread. Pfizer… Read More

Daily Commentary

Headline News: U.S. stock futures were lower this morning after initial jobless claims unexpectedly rose from the prior week. Initial claims for state unemployment benefits totaled a seasonally adjusted 742,000 for the week ended November 14th, compared to 711,000 in the prior week. The rise in COVID-19 cases started another round of layoffs that could… Read More

Daily Commentary

Headline News: U.S. stock futures are higher after more positive COVID-19 vaccine news raised hopes of an economic recovery. Pfizer (PFE) announced it would apply for emergency U.S. authorization for its vaccine and also reported that the late-stage trial showed it to be 95% effective. Domestically, U.S. homebuilding increased more than expected in October and… Read More

Daily Commentary

Headline News: U.S. stock futures are lower a day after the S&P 500 closed at an all-time closing high of 3626.91. The surge in new coronavirus cases continues to be a major concern as the nation heads into the tough winter months. The U.S has recorded more than 11 million coronavirus cases and 1 million… Read More

Daily Commentary

Headline News: U.S. stock futures are higher after Moderna (MRNA) became the second company to report a positive result from its COVID-19 vaccine trial. Moderna (MRNA) announced that its experimental drug was 94.5% effective in preventing COVID-19.  The news raised hopes of a faster turnaround in the U.S. economy. Better than expected factory output data… Read More

Daily Commentary

Headline News: U.S. stock futures are lower as the presidential election continued to drag on with no end in sight. However, investors appear content that the government will remain divided as the Republicans appear to maintain a Senate majority. Meanwhile, U.S economic growth came in better than expected in October, and the unemployment rate fell… Read More

Daily Commentary

Headline News: U.S. futures are higher again this morning on hopes the Republicans will retain the Senate and create a divided government. While Joe Biden and President Trump await a winner, investors are back to buying stocks that could benefit from future fiscal stimulus. Later today the Federal Reserve’s latest policy statement will be released… Read More

Daily Commentary

Headline News: U.S. stock futures are higher to start the day despite investor’s concerns about the prospect of a contested election. However, the Nasdaq futures were higher, suggesting a rally in big tech stocks is in the cards today. U.S. private payrolls increased less than expected in October, which shows a slowdown in economic activity.… Read More

Daily Commentary

Headline News: U.S. stock futures are set to open higher to start the week after markets experienced the steepest weekly loss since March. The morning rally is coming despite England announcing a stay-at-home order to fight the coronavirus, and the U.S. continues to experience a rise in new virus cases. However, markets could be in… Read More

Daily Commentary

Headline News: U.S. stock futures are lower as investors are worried about a coronavirus increase domestically and overseas and the possibility of new lockdowns halting economic recovery. Daily U.S. cases have risen by a record of 69,967 over the past week, while hospitalizations are higher 5% or more in 36 states. Also, hopes of a… Read More

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