The September swoon for stocks continues With no apparent relief from Congress in the form of a new coronavirus package, the markets mostly sank for a fourth week in a row. Continued unrest, along with all the focus on the upcoming election and the possible outcomes, has effectively shifted any discussions in the markets from…

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THE WEEK IN REVIEW: Sept. 6 – 12   Tech stocks stumble as September lives up to its rocky reputation After an ugly start, with high-flying tech stocks falling from their lofty perches, September has so far been a mixed bag. Volatility returned, hitting the high 30s on Sept. 4 before steadily and slowly dropping…

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Last week had something for everyone The week started with continued strength as we reached new highs in the S&P 500 and NASDAQ by Wednesday and the Dow also broke through the psychological 29,000 level for the first time since February. All this may have been a little too much and too fast for some…

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THE WEEK IN REVIEW: Aug. 16-22 $1 trillion market value increase in two years! The market was mostly up last week. Initial unemployment claims climbed over 1 million, which wasn’t encouraging, but there were some bright spots. Apple surpassed the $2 trillion market cap valuation, meaning Apple is now bigger than the GDP of Spain,…

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FRIDAY, JULY 10, 2020 TODAY’S NEW ·    A ruling on President Trump’s tax returns does not guarantee a speedy release. ·    A German drug company seeks 2020 clearance for COVID-19 vaccine. ·    Mayor cautions stay-at-home orders are possible again for Los Angeles. CURRENT MARKET DRIVERS ·    Stocks were volatile following a Supreme Court ruling on Trump’s…

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·    Markets responded favorably coming out of the holiday weekend. ·    Coronavirus death rates are declining, but health experts warn against complacency. ·    The movement to reopen schools this fall sparks concerns from teachers. CURRENT MARKET DRIVERS ·    Investors are conflicted by hopeful economic data and coronavirus infection spikes. ·    Low mortgage rates are helping consumers…

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New unemployment claims hover at 1.5 million, exceeding economic forecasts. New York governor vows to fine visitors, let’s call them “spreadcationers,” who could carry virus from hard-hit states. Seven states record highs in coronavirus hospitalizations; daily death toll rises. CURRENT MARKET DRIVERS Stocks were mostly stable while weighing data on factory orders and unemployment claims.…

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The Texas governor tells people to stay home as coronavirus cases increase. New York, New Jersey and Connecticut will quarantine visitors from states hit hard by the virus. Federal appeals court orders dismissal in the case against a former national security advisor. CURRENT MARKET DRIVERS Renewed coronavirus fears prompt a market selloff. Constant changes with…

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President Trump makes “monumental” decision, plans to issue executive order to protect monuments. Apple dumps Intel in move to control more aspects of what goes into its products. Seattle mayor moves to shut down protest zone following weekend shootings. CURRENT MARKET DRIVERS Futures rebound after Trump advisor walks back comments on China trade deal. Homebuilders…

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New Yorkers can eat outside and shop inside as reopening moves into Phase 2. More young people in the South are testing positive as coronavirus demographics shift. Protest zone in Seattle experiences two shootings in less than 48 hours. CURRENT MARKET DRIVERS The markets continue bobbing around today while waiting for the next thing. Large…

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