Hopes of a stimulus jumpstarted stocks from yesterday’s losses but were dashed once it became apparent that its passage faces opposition from both sides of the ailse, albeit for different reasons. With Senate GOP leader McConnell…
President Trump announced potential tax cuts on capital gains and income. However, admission from Senator Mitch McConnell that stimulus aid talks were at a stalemate quickly curbed investor enthusiasm…
Against the backdrop of such a fundamentally weak landscape, market breadth was disturbingly narrow as advancers represented only a third of components in the SP-500 or Nasdaq-100…
The SP-500 (SPY) and Russell-2000 (IWM) finished the week in positive territory, respectively up +0.68% and +1.44%. The DJ-30 (DIA) and Nasdaq-100 (QQQ) declined slightly over the last 5 days, respectively down -0.29% and -0.43%…