Week In Review: A Second Vaccine US equity indexes were higher on the week: DJIA +0.4%, S&P 500 +1.3%, NASDAQ +3.1%. All three indexes hit all time highs. Optimism that an additional US fiscal stimulus deal will get done along with continued positive news on the vaccine front supported sentiment.…
Week In Review: The First US equity indexes were lower on the week: DJIA -0.6%, S&P 500 -1.0%, NASDAQ -0.7%. Drawn out negotiations between the Republicans and Democrats on another round of fiscal stimulus, and worse than expected initial jobless claims weighed on sentient. On Tuesday, December 8th, the…
US equity indexes were up on the week: DJIA +1.0%. S&P 500 +1.7%, NASDAQ +2.1%. On Wednesday, the UK became the first Western country to approve a Covid-19 vaccine when its regulator cleared the Pfizer/BioNTech vaccine. Pfizer put out a press release titled: “Pfizer and BioNTech Achieve First Authorization in the World for a…
US equity indexes were up for this holiday-shortened week: DJIA +2.2%. The Dow broke above 30,000 for the first time. S&P 500 +2.3 %, NASDAQ +3.0%. On Monday, AstraZeneca and University of Oxford released the results of their vaccine trial reporting, “One dosing regimen (n=2,741) showed vaccine efficacy of…
This week brought more positive news on the vaccine front. On Monday, Moderna announced that its Phase 3 study of mRNA-1273, its vaccine candidate against COVID-19, “has met the statistical criteria pre-specified in the study protocol for efficacy, with a vaccine efficacy of 94.5%.” On Friday, Pfizer and BioNTech applied…
On Monday, Pfizer and BioNtech announced that their “vaccine candidate was found to be more than 90% effective in preventing COVID-19 in participants without evidence of prior SARS-CoV-2 infection in the first interim efficacy analysis.” In this interview, Axios speaks with Pfizer CEO Albert Bourla about vaccine data, distribution, politics, and how he…
US equity indexes rose strongly this week: DJIA +6.9%, S&P 500 +7.3%, and NASDAQ +9.0%. At the time of writing on Saturday, major news networks are calling the US Presidential Election for VP Biden. However, during the past week post- US Election Day and while markets were open, the US Presidential…
US equity indexes were down on the week: DJIA -6.5%, S&P 500 -5.6% and NASDAQ -5.5%. The losses were driven by US election uncertainty, rising COVID-19 cases in the US and Europe and the new lockdown measures being taken there to try to control the virus’s spread. The US has…
US equity indexes were lower on the week: DJIA -0.95%, S&P 500 -0.5% and NASDAQ -1.1%. US equity indexes struggled to find direction and seemed to be in a holding pattern with US fiscal stimulus negotiations still ongoing and coronavirus cases rising both in Europe and the US. Unfortunately, today the…
US equity indexes gained slightly on the week: DJIA +0.1%, S&P 500 +0.2% and NASDAQ rose +0.8%. It seemed a bit like groundhog day for market headlines this week. Investors continued to watch for signs of the possibility of new fiscal stimulus ahead of the election. Brexit negotiations dragged on.…
US equity indexes gained on the week: DJIA +3.3%, S&P 500 +3.8% and NASDAQ rose +4.6%. This was another headline driven week. US President Trump was released from the hospital on Monday. The VP debate took place on Wednesday between Senator Kamala Harris and VP Mike Pence at which a…
US equity indexes posted modest gains for the week: DJIA +1.9%, S&P 500 and NASDAQ rose +1.5%. This was a news and headline heavy week. It started with a contentious first US presidential debate and ended with US President Trump unfortunately announcing via Twitter that he tested positive for Covid-19…
US equity indexes were mixed with selloffs stabilizing a bit in the latter part of the week. DJIA -1.8%, S&P 500 -0.6%, and NASDAQ rose 1.1%. New coronavirus restrictions in the UK, rising case counts in parts of Europe, and lack of a new US fiscal package weighed on market…
US equity indexes were moderately lower this week: DJIA flat, S&P 500 -0.7%, and NASDAQ fell -0.6%. This week, CDC Director Robert Redfield gave fairly specific guidance, saying at a Senate hearing that he sees a COVID-19 vaccine being “generally available to the American public” in the “late second quarter,…
US equity indexes fell this week: DJIA -1.7%, S&P 500 -2.5%, and NASDAQ -4.1%. Tuesday, September 8 was a risk-off day with the S&P 500 down nearly 2.8%. How did bonds do as a hedge? Better than last week (September 3 also was a notable risk-off day for S&P). See chart –…