The daily chart for the S&P Futures (ES) looks impressive as hell, if you are a bull. For bears, it’s Wagnerian.
I put together this data today on what happens when a country foregoes lockdowns. Sweden made that choice from the beginning. It’s demographically similar neighbors,…
Governor DeSantis takes credit for Florida’s better than expected performance in the state’s numbers of COVID19 cases and deaths.
Rangebounds markets all sound and fury. Here’s where this is headed today.
The numbers continue to improve for the COVID19 epicenter in the Northeast. The following chart looks at the numbers on a week to week basis…
Last night the S&P futures needed to break 2828 to break the uptrend. Of course it did it by 5 points, and that was it. Boom! Up, up, and away!
The good news is that new cases and new deaths in the US declined week to week. The bad news is that the decline in case numbers was miniscule, and there were big regional differences. The Northeast, which was by far the worst hit region, is showing improvement. The South is getting worse.
Rumor has it that China will say bye bye to the trade deal. Futures were down when that “news” hit the Twitter. Now they’re up.
The trends for the nation as a whole looked good as of Sunday May, 10. 20,329 new cases were reported Sunday. That’s down from 27,348, the previous Sunday. 25,524 cases were reported Saturday, May 9, down from 29,744 the previous Saturday. But unfortunately, that’s not the whole story.
The BLS reported a seasonally adjusted 20.5 million jobs lost in April and stocks rallied on the news. Wall Street loves both death and unemployment apparently.
