Last week, stocks plummeted to two weeks low amid second wave of virus and economic recovery concerns. The Stock market has priced in a V-shape economic recovery, so anything that threatens such a premise could increase volatility. European PMI data was promising as it indicated a V-Shape recovery, versus U.S. macro data which offered a …
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Last week, global stocks rebounded on better than expected economic data and optimism of new stimulus. Below, we summarized what mattered the most for the market: • U.S. retail sales jumped by about 18% – a record monthly increase, which signals economy is rebounding from depressed level. • Trump administration announced a $1 trillion infrastructure …
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Last week, global stocks started and finished the week well, but saw a dramatic sell-off in between, amid concerns over a second wave of coronavirus infections and doubts about a rapid economic recovery. Also, market reacted to the Federal Open Market Committee, FOMC, which called the outlook highly uncertain and with "considerable risks” and acknowledged …
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Last week, global stocks rallied for a third straight week in a row. Majority of investors and economists are puzzled and are concerned that the recent rally has gone too far, considering shaky fundamentals. Below is the summary of news that acted as a catalyst for market rally, in our view,...
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