As of 19Apr2020 (8:15 PM EST), US’ total cases stood at 753,035 (40,552 fatalities) this had been a rather significant reversal from 13/15Apr’s (Monday) more promising outlook — that by the mid-May lifting of “shutdown” is highly likely — to a current trajectory suggestive of a more likely end-May/early-Jun or…

Fresh economic data streamed in 15Apr2020 (Wednesday) US retail sales falling 8.7% going from February to March Empire State manufacturing index fell to -78.2 in April, falling from March’s -21.5 and February’s 12.9 Fed’s Beige Book reports (https://www.federalreserve.gov/monetarypolicy/beigebook202004.htm?mod=article_inline) : Economic activity contracted sharply and abruptly across all regions in the…

US stock market posted strong gains during the 14Apr (Tuesday) trading session.

As of 13Apr2020 (Monday), the trajectory of the COVID-19 epidemic in the US has shown a definitive slowing down, the expectation is for the US shutdown to be lifted by mid-May. …

As of the close of 6Apr2020 (Monday), S&P500 is at 2,663.68 ~-21.3% off its 19Feb’s peak and retraced ~37.11% (~+19.05% versus 23Mar’s bottom) Dow Jones is at 22,697.99 ~-23.3% off its 12Feb’s peak and retraced ~37.30% (+21.99% versus 23Mar’s bottom) NASDAQ is at 7,913.24 ~-19.4% off its 19Feb’s peak and…

The 1st quarter of 2020 ended in what is characterised as the worst quarter since Q4 of 1987. Understandably, some seek to divine what the path forward may hold by looking back at history — https://www.barrons.com/articles/the-dow-is-on-track-for-its-worst-first-quarter-heres-what-history-says-is-next-51585680975 — seemingly not too bad an outlook with an average of +5.4% gain in…

The week of 23–27Mar2020 was touted to be the best week since 1938, and the streak continued with today’s (30Mar2020, Monday) trading session with all three US indexes gaining strongly. S&P500 is now ~-22.4% off its peak, Dow Jones ~-24.4%, and Nasdaq composite ~-20.8% — all indexes by now had…

A big rally on 24Mar2020 (Tues) as the markets responded positively to the improved prospect that a nearly USD2trn fiscal stimulus and recuse package is close to being passed. Meanwhile, risk-haven (gold and treasuries) and risky assets had also seemingly reverted to more usual dynamics after almost 2 weeks of…

As of the 20Mar (Friday) closing, all three US stock indexes are off their peaks by near to or more than 30% — S&P500 by ~-31.9%, Dow Jones by ~-35%, and NASDAQ ~-29.9%. It had been 2 consecutive weeks of significant losses — week of 9Mar dropping ~-8.8% and this…