Another week goes by in our quest to find out what our new normal might eventually look like. (If that’s even possible.) As far as the equity markets are concerned, it was a pretty choppy week. It seems that the S&P 500 is trapped in a trading range of +200 to -200-point spread trying to break out but brought back by the news of each day. The current powerhouse is the NASDAQ with its emphasis on technology stocks.
The news concerning the strength of the economy is mixed as well. Whenever there’s good news markets respond positively and when the news is bad, negatively. It almost seems like a yo-yo or a tennis match.
Jean’s and my celebration over the 4th was a quiet one with just conversations with our family. I did think President Trump gave a very good speech at Mt. Rushmore on the 3rd of July reminding us of our heritage and the many battles fought and won over the last 244 years. As I read some of the commentaries on the commentary of the speech, I wondered who was watching and listening to what.
The news of this last week was all about the increases in the number of Covid-19 cases. And the slowing down of the economic recovery. If and/or when congress ever comes back to work, I do expect another round of stimulus spending but not sure how big it might be. But, expect big numbers.
With all that is going on around us we may wake up a little sluggish. The attached article about energizing your day might help us all get off to a little better day. Hope you enjoy it.
As always, should you have any questions or wish to talk, please don’t hesitate to email, or call me.
PS: This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.