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
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.
Stocks rallied on encouraging coronavirus vaccine trial data and rising expectations of a rebound in economic activity. Transportation stocks thrived.
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