Gusher

Gusher.  Stocks rallied yesterday on hopes that the President can work out a deal with the Saudis and the Russians to cut crude production.  More than 6 million Americans filed for unemployment insurance last week, the largest weekly gain on…

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Up-Ended

Up-ended.  Stocks sold off in yesterday’s session as uncertainty around the path of the virus continued to instill fear in the markets.  The President’s warning of a rough two weeks and the potential for 240,00 US deaths weighed heavily on…

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In Like A Lion Out Like A Bear

In like a lion out like a bear. Stocks sold off yesterday as projected Coronavirus cases caused investors to fear that the worst is yet to come.  Yesterday’s selloff capped off a quarter of losses, making it the worst first quarter…

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Happy Days Are Near Again

Happy days are near again. Stocks rose in yesterday’s session on optimism that the virus may be beaten quickly. Investors drew comfort in declining new cases of COVID-19 in hard hit Italy, Spain, and Seattle.   N O T E W…

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Bull In A China Shop

Bull in a china shop.  Stocks declined on Friday capping off a wild week of trade in which equities mounted their largest 3-day rally since the 1930’s.  The President signed the $2 trillion CARES act into law but investors have…

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Eleven Eleven

Eleven Eleven.  Stocks rallied yesterday as stimulus optimism spread virally.  As Coronavirus cases rise in the US so has unemployment, with a record 3.2 million workers filing for unemployment benefits in the past week alone.   N O T E…

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Booster Shot

Booster shot.  Stocks advanced for a second day in a row on hopes of a deal in the Senate.  The back-to-back, two-day rally was the first since early February, but it almost didn’t happen as equities lost ground in the final…

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Stimulated!

Stimulated!  Stocks surged yesterday on hopes of a large stimulus package from Capitol Hill.  The Dow Jones Industrial Average had its single largest point move on record and its largest daily percentage gain since 1933, which was in the middle…

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Dysfunction

Dysfunction.  Stocks sold off yesterday as more and more businesses mothball operations to fight the spread of COVID-19. The Fed showed up in a big way and the Senate failed to reach agreement on a multi-trillion dollar bailout, sending shares…

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Patience Tried

Patience tried.  Stocks sold off on Friday in a volatile session as investors clamored to determine the economic fallout of the virus outbreak.  In the worst week for stock indexes since 2008, the S&P500 swung more than 4% up or…

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