MT Market Model (3 July’20)

U.S. stocks jumped Thursday after the June employment report showed the economy added more jobs than expected, reassuring investors that the recovery is continuing. The U.S. gained 4.8 million jobs last month, while the unemployment rate ticked down to 11.1% from 13.3% in May. That marked the second month in a row that employers added jobs since massive waves of layoffs gripped the country earlier in the coronavirus pandemic.

MT Market Model (30 June’20)

U.S. stocks wrapped up their best quarter in more than 20 years, a remarkable rally after the coronavirus pandemic brought business around the world to a virtual standstill. Just three months ago, investors were lamenting the end of the bull market — and the longest economic expansion on record — after major U.S. stock indexes lost about 35% of their value in less than six weeks. The subsequent rebound has been nearly as brisk.

MT Market Model (29 June’20)

Over the weekend, authorities in Florida, Texas, California and Arizona, which have accounted for much of the recent rise in U.S. coronavirus cases, have imposed new restrictions and retreated on reopening plans. Still, stocks have been largely resilient in recent weeks and climbed today. The S&P 500 is on track to end the month roughly flat. The Nasdaq is poised to close June with gains of more than 3%, largely thanks to a surge in the shares of tech giants like Apple and Microsoft.