A big uptick in COVID-19 cases was too much for the buyers to handle this week. States that had been less affected are now having there highest daily new cases. This graph shows daily cases of COVID-19 in the U.S. You can see this data @ John Hopkins Virus Tracker In…

Equities started the week hitting key milestones — the S&P 500 turned positive for the year, and the Nasdaq Composite rose above 10,000 for the first time — but all this succumbed to profit taking that handed it its worst week since March. The S&P 500 fell 4.8%, the Nasdaq…

Equities continued their three-week rally with the S&P 5% higher, mid-caps 8% higher, and the small-cap S&P 600 jumping 12% this week. While the Nasdaq closed at a new all-time high on Friday it was a relative laagered on the week, as were tech, staples, utilities and health care. Energy,…

Equity markets gained for the second week in a row leaving May with a 4.53% return. Continued optimism about an economic recovery and a fear of missing out on further gains appear to be the main causes. Although all 11 sectors were positive for the week, there was a noticeable…