Gold is looking at the worst month in 4 years due to stock rally. ABN Ambro to cut 2,800 jobs as investment bank shrinks. Oil should find support beyond OPEC. HSBC looking at discontinuing its U.S. retail banking operation. S&P 500 on course for its best month (November) since April. COVID-19 vaccine distribution within weeksContinue reading “news wrap 11.30.20”
Monthly Archives: November 2020
beware of currency manipulation
Encouraging excess in spending and borrowing that would bring an upturn to the economy usually doesn’t keep an economy in perpetual prosperity. Controlling business cycles reduces the severity of those cycles. Using this knowledge allows for the maintenance of business expansion. Profits play a key role in a prosperous economy. Policies to maintain business prosperityContinue reading “beware of currency manipulation”
market wrap 11.27.20
The Dow closed at 29,910.37 – up 37.90 The S&P 500 closed at 3,638.35 – up 8.70 The Nasdaq closed at 12,205.85 – up 111.44 USDA Weekly Export Inspections Corn at 65 million bushels vs 30 million expected Soybeans at 28 million bushels vs 7 million expected Technical buying helped soybeans this past week BrazilianContinue reading “market wrap 11.27.20”
news wrap 11.27.20
Consensus is that the UK economy could tumble the most in 300 years. Fidelity joins the Brazil fund frenzy.
market wrap 11.25.20
The Dow closed at 29,872.47 – down 173.77 The S&P 500 closed at 3,629.65 – down 5.76 The Nasdaq closed at 12,094.40 – up 57.62
market wrap 11.24.20
The Dow closed at 30,046.24 – up 454.97 The S&P 500 closed at 3,635.41 – up 57.82 The Nasdaq closed at 12,036.76 – up 156.15 U.S. hospitals are postponing procedures to aid better with Covid cases. Applications to re-finance existing home mortgages are at a 7-month high.