Mid-Week Market Minute 07.21.21
Concerns over the recent resurgence in COVID-19 cases in many parts of the world sent markets sharply lower Monday as volatility spiked. The S&P 500 fell more than 1.5%, and the VIX (volatility index) spiked from about 17 to 22. Nevertheless, there were plenty of investors willing to buy the dip and a big rally […]
Market Recap – Week Ending 07.16.21
Overview: Global stock markets were mixed last week as generally strong second-quarter earnings were overcome by concerns over new COVID-19 Delta variant developments. Investors are evaluating the sustainability of strong growth seen in second-quarter earnings releases as the Delta variant now dominates recent COVID-19 cases (see earnings comments below). In the U.S., the S&P 500 […]
Mid-Week Market Minute 07.14.21
Stocks in the U.S. traded sideways this week as investors digested corporate earnings and higher than anticipated inflation data. The big banks kicked off the second-quarter earnings season this week with mixed results. JPMorgan (JPM) and Goldman Sachs (GS) were the first to release their second-quarter results, both surpassing analyst expectations. Despite the earnings beats, […]
Market Recap – Week Ending 07.09.21
Market Recap – Week Ending 07.09.21 Overview: Stock markets were mixed last week, as the increase in the COVID-19 Delta variant took center stage and concerns around the global recovery emerged. The Delta variant now comprises a majority of new cases, and virus concerns led Japan to declare a state of emergency in Tokyo before […]
Mid-Week Market Minute – 07.07.21
Stocks around the globe traded lower following the long holiday weekend. Treasuries caught a bid higher amid the “risk-off” trade, with the yield on the 10-year Treasury note hovering around 1.33% mid-week. Chinese ride-hailing company Didi dropped more than 20% on Tuesday after Chinese officials ordered the ride-hailing giant’s platform be removed from mobile app […]