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Signs that the economy is on the mend. You have the manufacturing report that showed us back in positive territory. Manufacturing is no longer contracting and it confirms the positive reading we got in last weeks empire manufacturing. Indicators higher than expected on the other hand, jobless claims coming above one million. A waitandseein mode. We have seen the s p 500 go to the nearest peak and then last thursday happened, a sharp drop with a longoverdue pullback. We briefly dipped below 2000 in the s p 500. Recovery once again is the Federal Reserve gave more details on its plans to buy corporate bonds, not just , but individually, which resulted in a 77 point range in the last three days. We can see the dip come back again as a mantra for the markets. Volume has been lighter than average. Perhaps that plays into it. Maybe we will see volume pick up once again after that but we are after memorial day. David i look forward to t ....
It has been a choppy session. Down. 1 , while the nasdaq is up. 2 . The dollar index is strengthening. 97. 55. We had a drop in the 10year yield, we are back at 70 basis points. Lets get some details on what is moving in the market. Scarlet fu is with us. A mixed trade across Asset Classes. Certainly within equities. The backdrop is the next Economic Data we got. The philly fed numbers were interesting, in that they confirm the empire numbers from last week, back in expansion mode. Manufacturing is no longer contracting in the region. All of that is helping to lift the city index to a record high, spate ofg that recent better than expected Economic Data. Oil approaching 40 a barrel. Iraq says it will begin complying with opec production cuts and is working on a program to compensate for cheating in may. It is curious it is ....
And election in the time of a pandemic South Koreans carefully head to the ballot box also. A kind of leadership doesnt just belong in our state capitals and Mayors Office belongs in the white house. Former u. S. President barack obama breaks his silence and endorses joe biden. U. S. President donald trump says he will suspend funding to the World Health Organization the u. S. Sends 402500 1000000 dollars a year to the w. H. R. Trump says the organization botched the initial response to the corona Virus Outbreak and spread what he called this information from china which made things worse the u. S. Is the chose biggest fund. We have deep concerns whether americas generosity has been put to the best use possible. The reality is that the w. H. O. Failed to ad ....