Market Quick Take - August 5, 2020
Gold prices rose to new record highs, with spot gold clearly 2,000 per ounce for the first time. After an early wobble on Wall Street, US equities closed at new highs for the cycle driven by technology stocks and the US dollar wilted, while safe haven treasuries were strongly bid, taking the US 10-year treasury yield benchmark to its lowest daily closing level ever at 0.507%.
Podcast: New highs for US stocks, NatGas rips higher
Today we look at US equities pulling to new highs for the cycle, while volatility indicators continue to signal a reluctance to wax too complacent. Europe also posted a solid comeback yesterday after recent weakness. We also look at enormous price hop in Natural Gas yesterday in the US and possible takeaways of interest for future inflation, take status of the US dollar, check in on the strength of various equity themes and much more.
Market Quick Take - August 3, 2020
Stocks ended July in mixed fashion, with the major US indices still perched near the highs for the cycle, while Europe is struggling into the close of the month, held down in part by the very strong euro in July. As the often-volatile month of August gets underway, earnings season is still a focus, if less so, while US employment data and the course of COVID-19 virus resurgence are in focus this week.