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Tech Talk for Monday March 30th 2020

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  The Bottom Line Equity markets recovered from the “Black Swan event” last week. Equity markets around the world moved sharply higher: The Dow Jones Industrial Average from the close on Monday to the close on Thursday advanced 21.3%, the largest percent gain for a three day period since 1938. However, spread of the coronavirus […]

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Tech Talk for Friday March 27th 2020

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Pre-opening Comments for Friday March 27th U.S. equity index futures were lower this morning. S&P 500 futures were down 62 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for February Personal Income was an increase of 0.4% versus a gain of 0.6% in January. […]

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Tech Talk for Thursday March 26th 2020

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Pre-opening Comments for Thursday March 26th U.S. equity index futures were lower this morning. S&P 500 futures were down 43 points in pre-opening trade. Index futures recovered slightly following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was a jump to 1,500,000 from 281,000 last week. Actual was 3,283,000. Consensus […]

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Tech Talk for Wednesday March 25th 2020

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Pre-opening Comments for Wednesday March 25th U.S. equity index futures were lower this morning. S&P 500 futures were down 27 points in pre-opening trade. Index futures were virtually unchanged following release of the February Durable Goods Orders report at 8:30 AM EDT. Consensus was a decline of 0.8% versus an upwardly revised gain of 0.1% […]

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Tech Talk for Tuesday March 24th 2020

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Pre-opening Comments for Tuesday March 24th U.S. equity index futures were higher this morning. S&P 500 futures were up 94 points in pre-opening trade. Investors are anticipating passage of a bi-partisan economic relief package by the Senate today. Gold jumped $102.80 to U.S. $1,670.40 per ounce after Goldman Sachs noted that it is “Time to […]

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