[Chart courtesy of MarketWatch.com] Moving the markets In the futures markets, we saw stocks in rally mode, including the Nasdaq staging a comeback. The US dollar inched higher, thereby keeping a lid on gold’s attempts to rebound. The tug-of-war between surging infections and prospects for a new effective Covid-19 vaccine had the latter coming out ahead by lending support to …
Lackluster Meandering
[Chart courtesy of MarketWatch.com] Moving the markets The global rally fizzled out with only one of the major indexes making some headway, namely the Dow, as the S&P 500 slipped slightly into the red, while the Nasdaq sell-off continued, albeit at a lesser pace leaving the index down -1.37% for the day. Pfizer’s vaccine stock fest hit some reality today …
Vaccine Pump Fest Propels Markets
[Chart courtesy of MarketWatch.com] Moving the markets If you were looking for wild and whacky market behavior, look no further, you found it today. Not only were futures up across the board, including gold, and led by the technology sector, things reversed once the regular session opened. With the Dow being up some 1,500 points, and losing almost half of …
Post-Election Rally Shifts Into High Gear
[Chart courtesy of MarketWatch.com] Moving the markets The “buy everything” mantra continued today extending the election week rally on beliefs that the current dilemma might result in a divided government, with the powers of the president/congress being offset by the opposing party controlling the senate. The bullish reaction to the results so far “may have been due to the fact …
Post-Election Uncertainty: Stocks Rally
[Chart courtesy of MarketWatch.com] Moving the markets The future markets engaged in a wild roller coaster ride, as election odds shifted from one contender to the other and back. As expected, no winner was declared with skepticism over the outcome remaining, but there appeared to be no doubt that the Senate would remain in Republican hands, which crushed hopes for …
Rally Gains Steam On Election Day
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rally continued based on hopes that a clear winner would emerge from today’s election and that a much-feared contested result could be avoided. MarketWatch saw it this way: The bounce back from the worst week since March is supported by bets former Vice President Joe Biden will beat incumbent President Donald Trump, …