The U.S. Census reported a 36% surge in sales of newly built homes in July. However, the Conference Board's consumer confidence index . Those mixed data sets come ahead of a key speech from Federal Reserve Chairman Jerome Powell later this week.
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Here's what happened to the stock market on MondayA combination of optimism around coronavirus treatments and vaccines and even more gains in Apple drove the S&P 500 and Nasdaq to record levels. How can you get more COVID cases when most are dead? S&P 500 is now up 65% since 2016 election. This despite the pandemic and economic shutdown. Thank you President Trump! Interesting 🧐
Source: CNBC - 🏆 12. / 72 Read more »
Here’s How The Stock Market Has Performed Before, During, And After Presidential ElectionsWhile trying to speculate the market reaction to a Trump reelection or Biden victory may not be worthwhile, historical trends about stock market performance before, during, and after presidential elections can help set expectations for wary investors. So.... it doesn’t matter who wins Poll (Please follow, retweet, and like!) click4mypolls 🤔 democrats do better for the economy despite Republicans thinking/saying otherwise ...
Source: Forbes - 🏆 394. / 53 Read more »
This $900 Billion UBS Advisor Bought Gold And Tech Stocks During The Downturn, Here’s Where She Thinks The Market Is Headed NowThis $900 billion UBS advisor bought gold and tech stocks during the downturn, here’s where she thinks the market is headed now: can you ask her if I can borrow $6000? Why isn't anyone showing how many home mortgages are in forbearance? That's a huge cliff! How about all those 401ks where the money has been taken out. The economy is not the stock market and it's disingenuous to have people who've never owned stock believe that it is!
Source: Forbes - 🏆 394. / 53 Read more »
Asian stocks mostly higher as trade, virus treatment hopes lift moodAsia's stock markets were mostly higher on Tuesday as investors cheered signs of progress in U.S.-China trade negotiations and following a fresh Wall Street rally.
Source: Reuters - 🏆 2. / 97 Read more »
European stocks head for positive open, tracking global markets higherEuropean stocks are expected to open higher Tuesday, following upbeat trade in markets in the U.S. and Asia Pacific.
Source: CNBC - 🏆 12. / 72 Read more »
Asian stocks boosted by fresh U.S.-China trade hopesAsian stock markets were mostly higher on Tuesday after the U.S and China indicated progress in trade talks, and as hopes of new coronavirus treatments boosted broader sentiment among global investors.
Source: Reuters - 🏆 2. / 97 Read more »