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Week in Review 6/26/20

Down week for most equity indices with S & P 500 testing the 3000 level again. US Initial Claims still hovering around 1.5 million for the third week in a row. 10 Yr Treasury yield drops back down as demand rises again. FED Broad Dollar Index continues to indicate a strengthening dollar, even while M2 … Read more

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Week in Review 6/5/2020

Stock markets continue to rally globally as coordinated expansionary monetary and fiscal policy continue to prove effective in combating the pandemic’s demand collapse. In the US, the S&P 500 closed Friday at 3,193 (down just 1.14% YTD) and the Nasdaq hit an intraday record high, shaking off nationwide civil rights protests that have occurred in … Read more

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Week in Review 5/15/2020

SP500 ends week lower despite positive days on Thursday and Friday. US officials have pledged additional stimulus in the face of continuing macroeconomic deterioration. 10 yr Treasuries remain constrained, as does the broad Dollar Index. Fed Fund rate remains near zero. Stimulus costs are starting to materialize in data. US housing sector indicators reflect decline … Read more

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Week in Review 5/8/2020

Headline of week, highest level of unemployment in US since Post-war Era. However, SP500 gains back losses from previous week. US money supply confirmed to be increasing steadily since mid-March. FED seems successful at satisfying crisis dollar demand up to now. FED repo purchases back on on upswing. Commodities improve across the board, including oil.

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Week in Review 5/1/2020

SP500 ends week on selloff after US GDP officially confirmed that have contracted Q1 2020. Initial jobless claims at 3.8 million, and ISM PMI confirms drastic change in manufacturing levels. Housing starts and new building permits paint grim picture for the US housing market as well. FED continues expanding CB swap line programs as dollar … Read more

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Week in Review 4/24/20

Equity markets not moved much on week, as economic releases are relatively on par with expectations. Risk seems to settle on current levels. US to begin moving towards a reopening in May. Headlines to start the week were on certain oil contracts closing negative before rolling. Opec prices dipped below $15 a barrel on the … Read more