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[Chart courtesy of MarketWatch.com] Moving the markets The markets bounced around aimlessly all day, with the Nasdaq scoring a new intra-day all-time high early on, despite deteriorating earnings, which apparently was more than traders could handle, and the index headed south for no apparent reason. The Dow and the S&P 500 joined the slide, but only the Dow managed to …

[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s levitation continued right after the opening bell with the major indexes storming ahead unabated. Today’s driver were improved ADP employment data, which solidly beat expectations. They remain negative but show a massive improvement from the prior month. Even crashing April factory orders, by the most in some 10 years, could not offset …

[Chart courtesy of MarketWatch.com] Moving the markets Today’s market theme was the same one like yesterday with traders focusing on easing Covid-19 lockdowns, while the ever-increasing civil unrest and riots were again ignored. Destroyed businesses and subsequent curfews certainly will impact an economy under stress, especially one that is trying to slowly re-open and is now threatened again with new …

[Chart courtesy of MarketWatch.com] Moving the markets The futures started on a rollercoaster ride with a sharp opening drop being followed by a rebound, which was followed by a decline and then another bounce back, as this chart shows. The regular session showed much less volatility when, after a weak start, bullish momentum appeared, and a slow but consistent ascent …