With unprecedented amounts of stimulus splashing around, it’s only a matter of time before inflation shows up.
From U.S. equity benchmarks to Platinum and Soybeans, many asset classes began surging higher at the Sunday night open before volatility ensued at 8:30 a.m. CT.
Now that the quadruple witching cleansing has played out and news of Congress passing the coronavirus aid bill has already sold, are we any less cautious than we were Friday? Not just yet.
Bullish tailwinds are coming from a path forward in Washington, the FDA granting Emergency Use Authorization to Pfizer’s vaccine late Friday, and an extension to Brexit talks.
As we near the end of 2020, analysts start to dissect and predict certain possibilities in the new year.
Other than a continued rise in Covid-19 cases, the 2 major factors driving USD are fiscal stimulus and Brexit.
A slow-developing, yet constant flow of vaccine news continues to lift stocks just as a glimmer of exhaustion may look to set in. Today’s tailwinds have the S&P testing its record high.
As news broke that Europe would be easing its Covid-19 restrictions in certain areas, the hope that cocoa demand would rise has supported the market this week.
The S&P 500 index and Nasdaq-100 incurred a swift wave of selling in the final hour Friday. Pick your poison for the reasoning, but in the end, it was simply a de-risking ahead of the weekend as the Covid-19 pandemic rages on.
Traders have been concerned about demand for cocoa all year but as we enter “chocolate season” we see that even chocolate/candy purchases have been affected by Covid-19.