Good MorningEquity markets gave up some of this week’s gains on Friday leaving traders in question about a possible Santa Claus Rally. The Santa Claus Rally is an upswing in the market that usually accompanies the Christmas Holiday. This year’s holiday, however, comes with dark clouds that may keep the market from moving much higher. Not only is the COVID-19 virus still spreading but the economic stimulus is elusive as ever and a government shutdown looms over the country.
With only eight trading days left in the year investors are cautioned not to read too much into the day-to-day market movements. Trading volume is going to be at a seasonal low and trading ranges will dominant the action. We might not know which direction the market really wants to go until the New Year begins.
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Politics | | | The European Union’s chief negotiator says the bloc and the United Kingdom are starting a “last attempt” to clinch a post-Brexit trade deal, with EU fishing rights in British waters the most notable remaining obstacle to avoid a chaotic and costly changeover on New Year Read the Full Story |
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Politics | | | Global stock markets and U.S. futures were mostly lower Friday after Wall Street hit a new high on optimism over economic stimulus and coronavirus vaccine development despite a spike in U.S. unemployment claims.
Markets in Shanghai, Frankfurt, Tokyo and Hong Kong advanced while London... Read the Full Story |
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Markets | | | RingCentral (NYSE: RNG) is a cloud-based communications platform used by businesses to allow employees make and take calls from their computers. In other words, a textbook work-from-home stock at first glance. Read the Full Story |
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Markets | | | Mixed Results Drives Apogee Lower
At first glance, you might think Apogee Enterprises (NASDAQ:APOG) is well-positioned as a manufacturer of windows but then again, maybe not. The company is focused almost exclusively on the industrial end of the construction business and there is some weakness in t... Read the Full Story |
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Politics | | | BRUSSELS — More than 10,000 elderly people living in Belgian rest homes have died from COVID-19 since the start of the coronavirus pandemic.
Yves Van Laethem, a spokesman at Belgium’s coronavirus crisis center, told a news conference on Friday that the death of 10,270 rest home resid... Read the Full Story |
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Markets | | | Business optimism in Germany rose somewhat in December but remained at depressed levels as the pandemic continues to whipsaw Europe's largest economy.
The closely-watched Ifo index increased to 92.1 points from 90.9 but remains below the 92.5 from October. Manufacturing optimism rose ... Read the Full Story |
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Politics | | | It's a hurry up and wait moment on Capitol Hill as congressional negotiators on a must-pass, almost $1 trillion COVID-19 economic relief package struggled through a handful of remaining snags. The holdups mean a weekend session now appears virtually certain, and a top lawmaker warned that a governme... Read the Full Story |
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Markets | | | The other is consumer spending and Jabil (NASDAQ:JBL) is benefiting from both. The pandemic made the world lean heavily on technology, proving its worth to society and accelerating the shift to digital. Read the Full Story |
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Markets | | |
Selling a home is expensive. With home prices setting record highs, the typical 2.5% agent listing fee can easily reach five figures. I’ve long thought that there must be a better way. A cheaper way.
Redfin (NASDAQ: RDFN) has found that way and executed. The online real estate broker charge... Read the Full Story |
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