Markets Closed Up Big Today Amid Positive Coronavirus Vaccine Results: Market Commentary from Cabana’s CEO – May 18, 2020
The past week saw continued volatility as equities sold off Monday, Tuesday and Wednesday just below the 200-day moving average and right at the late April highs. Major indices opened down more than 1% on Thursday and Friday, only to make their way to positive territory by the close. This is a big positive on… Read the full article.
The Market Continues Sharp Recovery as Unemployment Reaches Remarkable Highs: Market Commentary from Cabana’s CEO – May 11, 2020
Major stock indices gained more than 3% last week, continuing a remarkable bounce off the March 23 bottom. The S&P 500 is testing both its 200-day moving average and the late April high just under 3000. The speed and size of the price gains over the past six weeks has not been seen since the… Read the full article.
Can April’s Rally Continue, or is More Economic Disruption on the Horizon?: Market Commentary from Cabana’s CEO – May 4, 2020
Equity markets finished off April with the biggest monthly gain since 1974. The huge rally followed an even bigger decline in March. Face-ripping rallies are common in bear markets, although it must be noted that this one was especially quick. The S&P 500 moved all the way back to its 200-day moving average, just below… Read the full article.