Last week, the Dow Jones impressively hit 30,000 for the first time behind strong tech performances and growing optimism regarding successful vaccine trials. This week, the focus turns toward the Federal Budget as the December 11 deadline looms with several topics still be hashed out. Government spending along with the border wall and defense authorization […]

RoboStreet – November 26, 2020 Energy Sector Gets A Wake-Up Call Bullish sentiment is sweeping Wall Street and the investment landscape as what is known as the “January Effect” is coming early this year. All 11 sectors of the market have participated in the rally to some extent, but clearly, the surprise leader has been […]

Markets traded to mixed results today as the S&P and Dow closed in the red while Nasdaq, powered by a strong Microsoft performance, closed in the green. Yesterday, the Dow Jones closed above 30,000 for the first time as additional positive vaccine news supported markets. Several key economic reports were released today to mixed results, […]

On the heels of another successful vaccine trial and key Purchasing Managers’ Index reports, U.S. markets maintained gains to start the shortened trading week. All three indices traded in the green today with the Dow leading the pack at over 1% gains. Manufacturing, services, and composite PMI reports were released today ahead of another week […]

RoboStreet – November 19, 2020  Banks About To Have Their Day In The Sun We’re entering the final stretch of 2020 with the market showing some holiday spirit. As the final recounts for the White House are underway, much of the uncertainty facing investors prior to the election has been lifted.  As it stands, Joe […]

U.S. Markets finished lower on Wednesday as all three major U.S. indices closed in the red behind underwhelming economic reports and an increase in U.S. COVID cases.  The latest monthly retail data underwhelmed investors upon its release as the data showed a slow down in most retail sectors in October while online shopping remained high. […]

With the market prone to further corrections, the next level of support is set at $350. All three major U.S. indices closed in the green today with the Dow leading as the index neared its first record close in over 10 months. Positive reinforcement from Dr. Fauci and President-Elect Biden supported stocks today as the […]

RoboStreet – November 12, 2020 See-Saw Battle Between Growth and Value Rages  There is an old saying of “dance with the one that brought you” that bears out when looking at how the 2020 stock market is performing. There have been a few attempts to steer the market’s leadership from the big cap growth stocks, […]

U.S. stocks maintained gains on Wednesday as the Nasdaq led major U.S. indices with a 2% gain behind a strong tech performance. While news regarding a COVID vaccine supported markets to open the week, strong earnings and economic reports continue to provide support for markets. McDonald’s earnings and the September Job Openings report, both released […]

Markets briefly traded above all-time high levels but sold off at the end of today’s session as promising news regarding a COVID vaccine, as well as election clarity, supported stocks. Pfizer unveiled details regarding their latest vaccine trials, stating more than 90 percent effectiveness in preventing infection among volunteers, which boosted shares market-wide as futures, […]