1. Market Summary Excerpted from Wednesday’s paid content of Investment House Daily by Jon Johnson. A Light at the End of the Tunnel? – Stocks came right back after the Tuesday gap and reversal. – Volume is quite low, showing that there are just not that many buyers on this upside. – The NASDAQ is […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. It’s the Economy! – Jobless claims flipped futures negative, but stocks managed to recover and make gains. – Worries about the small business Paycheck Protection Program (PPP) may prevent it from going operational, but Treasury Secretary Mnuchin is adamant that […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. A Light at the End of the Tunnel? – While the number of jobless claims jumped to historic levels, the market took in the bad news and surged. – The stimulus package has some good aspects that will help spark […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. The Epidemic Rages On – Stocks overcame early weakness and produced more modest gains even though the range was still large. – All of the action potentially showed that a relief bounce was brewing. – Money is moving from virus […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. Panic and Despair Grips the Nation – The Fed fired another cannon shot, but this is a battle that it cannot win alone. – Congress is dithering when the economy needs immediate action. – The market is pricing in a […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. What Goes Up? – The day higher, day lower pattern continued when Thursday shifted to the downside. – Markets shifted back to weaker trading. Meanwhile, bond yields are lower, gold is higher, the dollar is weaker and stocks are down. […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. Rising From Ruins? – A lower open saw stocks start to rebound. Then, they didn’t. – A change in the news scuttled a rebound attempt. – The DJ30 and the S&P 400 gave up the last part of the liquidity […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. Some Selling in the Favorite Names – Stocks felt some selling in the favorite names. – When Apple (AAPL) sales were called into question, the market dove but then recovered much of the lost ground. – Small and mid-caps led […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. News Regarding China Shakes Up Markets – China’s new case data change stalled stocks for a bit before they rebounded. – Stocks recovered well, but struggled late in the day as the Fed, after a big repurchase operation (repo) in […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. Repo Time – The NASDAQ led large-cap indices to modest new highs. – Once again, the S&P 400 and the Russell 2000 Index (RUT) have lagged. The PHLX Semiconductor Sector (SOX) looked somewhat decent. – Real wages have increased, as […]
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