Posts Tagged ‘carrick’

Week in Review: U.S. Tech Pullback

The technology-heavy Nasdaq 100 Index is off nearly 11% from its recent high, the index closed under its 50-day moving average for the first time in 105 days as technology stocks experienced their worst pullback since March. Facebook and Amazon each lost more than 5% over the week while Apple and Netflix slid 7.4% and…

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Week in Review: Technology Stocks Take a Breather

After an exceptionally strong August month that saw major stock market indices including the S&P 500 and Nasdaq achieve new highs, some volatility returned to markets this week, largely driven by some profit taking in technology companies. As discussed in last week’s newsletter,  much of the performance in U.S. stock markets year-to-date has been driven…

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Week in Review: The K-Shaped Recovery

Economists are pointing towards a K-shaped recovery as opposed to the initial hoped for V-shaped recovery (a sharp bounce back) or a feared W-shaped recovery (a short recovery followed by another downturn). In this scenario there is an uneven economic recovery increasing the divide between the haves and the have-nots, with the winners being the…

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Week in Review: Biden vs. Trump

Despite a quieter week for global markets, the S&P 500 edged passed its February pre-pandemic record high this week. This marks a milestone as being the fastest bear-market plunge (a market move of twenty percent or greater) followed by the second-fastest bear-market recovery in U.S. history. We also saw Apple become the first company ever…

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Week in Review: SA moves to Level 2 Lockdown

As infections in the most populous provinces continued to decline over the week (just below 5,000 a day), as expected President Cyril Ramaphosa removed most of the Covid-19 lockdown restrictions on Saturday night. Level 2 takes effect from midnight tomorrow, when restrictions on alcohol, cigarettes, interprovincial travel and personal and family visits will largely fall…

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Week in Review: U.S.-China Trade Tensions Escalate

Escalating tensions between the U.S. and China weighed on global equity markets this week, with the S&P 500 Index briefly turning positive for 2020 before retreating. Tensions arose after the U.S. accused two Chinese hackers of targeting American companies working on virus research and stealing information. It also ordered the shutdown of China’s Houston consulate,…

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Week in Review: The Delicate Balance

On Thursday more than 150,000 new cases of the coronavirus were recorded, the highest single-day number so far. The new cases were mostly reported in the Americas, with significant numbers from South Asia and the Middle East. Countries globally are moving forward with the reopening of their economies, some more cautiously than others, as each…

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Week in Review: U.S. Jobs Report Surprises

Week in Review: U.S. Jobs Report Surprises The encouraging employment data revived hopes that the US may well be on the road to recovery from the coronavirus shock. Leisure and hospitality (including restaurants) represented almost half of the jobs gained clawing back 1.2m jobs after losing more than 8m since the crisis began. Employment looks…

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