Weekly Market Recap

T. Rowe Price
By July 22, 2020 11:22

Weekly Market Recap

Wall Street began last week on a negative note, with worries about the resurgence of the coronavirus across much of the US seemingly weighing on sentiment. Renewed shutdowns in California appeared to be a particular focus of worry, with indoor dining at restaurants prohibited and the Los Angeles and San Diego school districts announcing a return to online classes in the fall. The resurgence also seemed to be showing up in high-frequency economic data, such as restaurant reservations and travel indicators. Good news on the vaccine front at midweek appeared to ease resurgence concerns, helping stock markets move higher. After the close of trading Tuesday, Moderna Therapeutics announced its novel messenger RNA vaccine had produced high levels of antibodies in all test participants in an initial safety trial, although some experienced side effects. On Wednesday, Oxford University researchers announced that their vaccine candidate, which is under development with AstraZeneca, had produced not only antibodies in participants, but also “killer” Tcells that may offer prolonged immunity. Both vaccine candidates are receiving support from the US government’s “Operation Warp Speed” programme, and advance steps in manufacturing mean vaccines may be available in limited quantities as early as the fall if further test results are positive. On Wednesday, Dr. Anthony Fauci, the nation’s top infectious disease official, said he believed the US would meet its goal of having a vaccine by year-end.

T. Rowe Price
By July 22, 2020 11:22


Featured Events & Webinars

  1. Alpha Research – Hybrid Investment Meeting – US Elections

    August 25 @ 15:00 - 17:00


"De publicatie van de 2e #kwartaalcijfers van banken is in volle gang. Een spannende periode. Deze cijfers gaan ons namelijk meer inzicht geven in de impact van de Corona crisis op de ..." -> https://www.opiniopro.com/2020/07/achmea/thema-de-staat-van-banken-in-corona-tijd-voldoende-buffers/

"Is de #gezondheidscrisis die we op dit moment doormaken een ‘zwarte, grijze of witte zwaan’ voor de financiële markten? De kleur die we aan deze gebeurtenis toekennen, is afhankelijk van de voorspelbaarheid ..." -> https://www.opiniopro.com/2020/07/candriam/vooruitzichten-gekende-en-dus-verwachte-risicos-in-het-tweede-halfjaar/

🇺🇸S&P 500 Total Return Attribution

Multiple expansion explains the S&P 500's total return YTD, despite negative earnings growth 👉 https://www.isabelnet.com/?s=return

h/t @SoberLook #markets #investing #assetallocation #returns
#sp500 $spx $spy #stocks #earnings #EPS #stockmarket #equities

🇺🇸 S&P 500

Do valuations still matter? This chart puts into perspective the wide divergence between the S&P 500 and the US economy 👉 https://www.isabelnet.com/?s=S%26P+500

h/t @LanceRoberts #valuation #markets #investing #sp500
$spx #spx $spy #stocks #stockmarket #equities #GDP #economy

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July 2020