Last Week: Trading was extremely volatile with the VIX surging over 50% to 33.09 and the S&P 500 shedding 3.31%. It seems worth noting that these spikes in volatility and sell-offs in equities occur regularly and should not be alarming. What is alarming is the...
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GHM
New Administration, New Records
Last Week: The stock market reached a new record high on Thursday, fueled by optimism over the Biden administration’s priorities of coordinating a national response to the COVID-19 pandemic, increasing payments to struggling individuals and businesses, and continuing...
The Market Gets A Booster Shot
Markets: Monday morning Pfizer announced that early data from its coronavirus vaccine shows it is more than 90% effective with no serious side effects. The study should be concluded by the end of the month with the likelihood of emergency FDA approval to follow post...
Just Another Manic Monday
Last Week: The “candid and constructive” tweet rally from the previous Friday was short-lived as hopes of a trade deal evaporated by Monday morning after China said it would raise tariffs on U.S. goods and President Trump signed an executive order banning...
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