Market Recaps

In this recap, the U.S stock futures end higher as weekly jobless claims declined, the upcoming vaccine approval process & investors looked to today’s monthly jobs report, as an indication that the economic recovery is ongoing. All 3 major indices ending at record highs, as the slowest U.S. jobs growth in 6 months raised investor expectations for a new fiscal stimulus bill to help further revive the economy. Global shares at record levels on Friday, set for a 5th straight week of […]

In today’s recap, Marcello talks about Elon Musk becoming the second richest man after Jeff Bezos and surpassing the fortune of Bill Gates. Also, the Trump administration has allowed the beginning of the transition of power, putting an end to weeks of political uncertainty. Elon Musk the billionaire entrepreneur has added $100.3B to his net worth in 2020, surpassing Microsoft’s Bill Gates to become the world’s 2nd-richest person at $127.9B, after Amazon’s Jeff Bezos. The 49-year-old Tesla co-founder has the electric vehicle […]

In today’s recap Marcello talks about the great performance of Tesla’s stocks rallying in the S&P500 and also how Central Banks are growing interest into cryptos. U.S. based electric car company Tesla stock price surged +8.21% on Tuesday to $441.61 with additional gains early Wednesday. Tesla to become part of the U.S. index S&P 500 on December 21. Shares are up +428% in 2020, on a market cap of $419B. Means more cash on hand for the firm & +$15B more for […]

In this week’s recap, we talk about the effects in the markets of the announcement of the Pfizer-BioNTech new covid vaccine and also the unofficial election results published by the press that makes Biden the new president of the United States. The total value of the stock markets globally just hit an all-time high of $95T as of Wednesday. Stocks’ latest run to new highs was triggered by surprise news that Pfizer & BioNTech coronavirus vaccine was more than 90% effective. However, […]

In this week’s recap, we find one of the most contested presidential elections in US history, where the vote puts Biden as president, but Trump assures that he will execute certain measures to contest the election. US stocks closed much higher on Thursday, in a fourth consecutive day of gains for major indices, the best week since April. The shares of the main technology-related companies led the profits. However, the month of October ended negatively for the main US indices. In the […]

In this week’s recap, Marcello talks about what seems like a repetition of the beginning of the coronavirus crisis, with the stocks market falling at record numbers not seen since months ago. U.S. stocks to record one of their worst weeks of the year. All 3 indices are in the red & on track for their worst performance since March, when the market tumbled under the 1st wave of coronavirus infections & business lockdowns. Asian & European stocks as well as commodity […]

In this week’s recap, we see that US stocks were heavily influenced by updates on the progress of the US government’s stimulus plans. Republicans now offer $ 1.9 trillion versus Democrats at $ 2.2 trillion. House Speaker Nancy Pelosi said a deal on the new aid was “almost ready.” PayPal joins the cryptocurrency market Wednesday, thus allowing customers to buy, sell & hold Bitcoin & other virtual coins. PayPal customers can also use cryptocurrencies to shop at the 26M merchants on its […]

In today’s recap, we talk about the overall rapid reduction of unemployment in the U.S. and a possible second quarantine due to a new wave of coronavirus infections. U.S. unemployment still has a long way to go to return to the under 4% rate before the pandemic & resulting recession, but the overall rapid reduction to 7.9% last month is an average, uneven growth of jobs, is the rule across the country. The jobless rate has fallen to just 6.6%, in the […]

In this week’s recap, we talk about the plans of central banks of creating their cryptocurrency. Some anarchists had planned on kidnapping the governor of Michigan. Stocks rose on hopes of more stimulus. The Bank for International Settlements in collaboration with a group of 7 major central banks, published its 1st joint report into central bank digital currencies on Oct. 9. The Bank of Japan, one of the members, released a document outlining its own specific approach from a Japan-centric perspective to […]

In this week’s recap we talk about forecasts on lay offs coming anytime soon, President Trump and Melania testing positive for COVID, and the Irish Supreme Court ruling that Subway’s bread does not qualify as bread. American Airlines & United Airlines say they will begin to furlough a total 32K employees, after lawmakers failed to agree on a broad pandemic relief package, that includes more federal aid for airlines. American Airlines CEO says a deal with $25B for airlines would allow the […]