MoneyMatters Blog
"In the investing blog, I seek to help you take sound investment decisions free from emotion by sharing my objective insights on markets, sectors, and companies."
Sam Subramanian
Fears of economic damage from COVID-19 increased. The Fed restricted banks from returning capital to shareholders. Stocks closed near their two-week low.
Stocks reacted positively to retail sales data and the Federal Reserve’s decision to buy corporate bond. The rising COVID-19 case count limited the gains.
A bleak economic outlook from the Federal Reserve and fears of a resurgence in the COVID-19 pandemic in the U. S. weighed on stock prices last week.
The reopening trade was in full swing last week on signs of a rapid economic recovery from mandated shutdowns. The strong May jobs report was the highlight.
The lockdown-relief rally extended into the early part of last week. The rally was, however, partly undone by rising tensions between the U. S. and China.
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