Author Topic: Financial news and stock markets.  (Read 73257 times)

July 21, 2020, 04:42 PM
Reply #350
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Well, This morning, at roughly 1.30 pm gmt, I told you to sell stocks. The European markets were euphoric after EU summit reached "historic deal" to curb the recession in Europe.
I told you to sell stocks because that's what I did: I sold some Societe Generale at 16.15€ and I bought back the position at 15.70€. Since I sold 2800 stocks, It turned out to be a profitable trade. I reinforced my short positions on the s&p 500 at 3260 points too.

So what's going to happen now? I see some bearishness on the markets because the US equity market is pretty expensive. Today, the GAFAM ended lower and I wouldn't be surprised of a correction pretty soon. I'm not at ease with Amazon at 3200$ or Tesla at 1500$ or even Apple near 400$. I expect the coronavirus pandemic to have a negative effect on the American economy over the next few months.
Note that the precious metals were trading higher today: Silver ended up the session up 5% while Gold reached an all-time high. I'm still bullish for the precious metals sector as sentiment remains “buoyant". I think Silver price can easily reach 25$ per ounce.




Note that I bought a bottle of prestigious wine tonight. And I will present another recipe tomorrow. Since face masks have become mandatory in France in public places today, due to a recent "surge" of the coronavirus pandemic, you now look like a surgeon everywhere you go. I couldn't help laughing in the supermarket tonight since I wasn't using masks before. With everyone wearing a mask, it reminded me of primetime series Emergency Heights.
https://www.youtube.com/watch?v=fNEadYEZb9M

« Last Edit: July 21, 2020, 04:58 PM by scarface »

July 28, 2020, 05:39 AM
Reply #351
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Today, I'm going to give you a brief overview of the stock markets.

The European markets are down (again) today: the cac 40 is down 0.74% and the Dax is down 0.34%.
Precious metals have been a glittering investment, but today gold and silver fall back as precious metals rally loses some steam. This morning, silver traded above 26$, but it is now at 23.6$ per ounce.

September 21, 2020, 05:51 AM
Reply #352
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Today, I'm going to give you a brief overview of the stock market.

Global markets tumbled on Monday, with European stocks falling the most since July as investors worried about tighter virus restrictions and a report detailing suspicious transactions at international banks.

S&P 500 equity futures sank 1.8%, indicating U.S. stocks are poised to extend three weeks of losses. Political tensions also making traders nervous as Republicans and Democrats prepare to fight over who will be the next Supreme Court justice. Treasuries rose and the dollar strengthened.
In France equities are down too, as the cac 40 is dropping 3.35%.

Airlines and travel companies led losses in the Europe Stoxx 600 Index.
Nikola Corp. plunged 36% in U.S. pre-market trading. The electric-vehicle startup that recently partnered with General Motors Co. said its founder stepped down as executive chairman.