by Craig Ferrantino | Jul 30, 2020 | Market Updates
According to the Advance Estimate by the Bureau of Economic Analysis (BEA) on Thursday morning, US real gross domestic product (GDP) contracted at an annual rate of 32.9% in the second quarter.[1], [2] This drastic shrinkage marks the worst GDP report in American...
by Craig Ferrantino | Jul 28, 2020 | Market Updates
Index futures in the S&P, Nasdaq, and Dow Jones dropped modestly on Tuesday morning (-0.31%, -0.69%, and -0.65% respectively compared to fair value, as of 11:08 AM ET)[1] and gold prices shot up to a record $2000 before lightly reversing. These indicators signify...
by Craig Ferrantino | Jul 22, 2020 | Market Updates
As the coronavirus stock market rally continues, growth has made a powerful return— particularly in tech. Large-cap tech companies such as Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG), Facebook (FB), and Tesla (TSLA) have seen astronomical strides...