Market Recaps

In this week’s recap we talk about what looks to be like a recover of the markets with the NASDAQ reaching new record highs and 19 hours after SpaceX’s Falcon 9 rocket lifted off Saturday from Florida, the Crew Dragon capsule docked with the International Space Station. Hong Kong has its 1st $1B+ listing in over 6 months as Chinese internet company NetEase launched a 2nd listing that could raise as much as $2.8B. Hasn’t had a hiatus of billion-dollar IPO’s last […]

In this week’s recap we will mention two huge events that shocked the world. U.S. will reclaim sovereignty as a space-faring nation as astronauts Douglas Hurley & Robert Behnken, were set to leave earth from American soil, for the 1st time since 2011. SpaceX’s Crew Dragon has beaten Boeing’s Starliner to the finish line, in a chance to become the 1st private company to fly humans into orbit. The death of George Floyd, an African American man that was killed in Detroit, […]

In this week’s recap, we found that the US stock markets were full of ups and downs, as at the beginning of the week the markets rose driven by a promising test of the coronavirus vaccine, but fell again midweek due to some reports skeptical of this vaccine, which added to the new wave of coronavirus outbreaks. Oil has a 4th weekly gain in price totaling 13%, despite a 2% dip on Friday. Investors are weighing improving supply fundamentals versus doubts surrounding […]

In this week, the main topic was the fears about the 2nd wave of coronavirus infections, which gripped financial markets, especially after a sobering warning from the World Health Organization that the coronavirus may never go away. Investors facing steep losses, due to the pandemic-driven shakeout in assets over the past few months, besides, they need to contend with renewed U.S.- China trade tensions. A rapid economic recovery seems ever more elusive with rising domestic unemployment. Bitcoin -0.9% to $9619.00 in the […]

In this week’s recap, one of the most important news was the loss of more than $50 billion by Berkshire-Hathaway in the 1st quarter, its worst quarter in a decade, with its CEO Warren Buffett admitting the $6.5B recently divested investment in the airlines, was a mistake. However, the firm still retains $137B of cash on hand, with a market capitalization of some $444B. World shares rose on Thursday after China’s exports came in far stronger than expected, suggesting an economic recovery […]

During this week we saw how economies started opening again after the coronavirus driven shutdown, World stocks are having their best month on record Thursday, with encouraging early results from a coronavirus treatment trial using the drug Remdesivir & expectations of more European Central Bank (ECB) stimulus later in the day, helping to ease the economic & financial pain of February, March & early April. U.S. stock markets are on course for the best monthly performance in years, the Dow at the […]

The economic crisis of 2020 is still going. The global economy is expected to shrink by -3.0% during 2020, in a stunning coronavirus-driven collapse of activity, that will mark the steepest downturn since the Great Depression of the 1930’s. The IMF predicts a partial rebound in 2021, with the world economy growing at a +5.8% rate. Oil prices were crashing Tuesday after a full collapse Monday that saw U.S. crude futures plunge below zero, for the 1st time in history. The May […]

During this week, the U.S. Commerce Department said that retail sales fell 8.7% last month, more than expected, & another indication that the coronavirus is taking a huge toll on the U.S. economy as consumers resigned in spending on goods ranging from cars & clothing to meals at restaurants. It’s the biggest monthly decline since the Commerce Department started keeping records in 1992 & comes after reports that nearly 17M Americans have filed for 1st-time unemployment claims in recent weeks. Global markets […]

In this week, the US stock remains mostly higher due to OPEC decisions and as evidence mounts that coronavirus death & infection rates may be leveling off. OPEC & other major energy powers on Thursday ended with a tentative deal to reduce output by 10M BPD in May & June, the deepest cut ever agreed by the world’s oil producers. However, prices may not increase much in the near term, due to the collapse in overall demand. The U.S. threat of tariffs […]

In the recap of this week, we found that U.S. stocks end higher, as investors calculate the U.S. government $2.2 trillion rescue package will help businesses keep employees. Also as it seems the major global oil producers will agree to reduce output in the coming months. This agreement is important because oversupply is further undoing the oil market’s structure, & there may be more trouble to come as the world quickly runs out of storage capacity. The collapse in demand has shut […]