The Northern Star Newsletter 5/29/20 - Markets React to Positive Outlook
Message from Jon
Market Update
The message is still the same right now. The markets are reacting to any news of a vaccine or immune therapy in addition to any stimulus.1,2,3 When either is missing from the news cycle, we have a return to volatile market conditions in our opinion.4
Till we speak again, carry on,
Jon
sources:
- https://apnews.com/e0b6d9ad2f632b324453d78a8813470e
- https://www.ft.com/content/a165a7c9-85d8-4ec9-9a1a-70d86412ac07
- https://www.ft.com/content/ce7f3564-c997-339c-ad3d-c6d092fb7f1e
- https://finviz.com/futures_charts.ashx?p=d1&t=VX
Markets React to Positive Outlook
WEEKLY UPDATE - MAY 26, 2020 |
The Week on Wall Street
Upbeat comments by the Federal Reserve Chairman and more signs of an economic turnaround combined to help fuel a powerful rally in the stock market last week.
The Dow Jones Industrial Average rose 3.29%, while the Standard & Poor's 500 advanced 3.20%. The Nasdaq Composite index climbed 3.44% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, gained 3.87%.[1][2][3]
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