5.02 - markets are weirdly recovering
Today we can surprisingly see something resembling a recovery in the segments of the market which were previously deemed too damaged to grow. But, we can see that even despite virus fears and causalities growing, Asian segment start to rise its head and recover. The same can be said about oil crude, that was looking lower as the future of Asian demand was unclear.
It is good to see this kind of activity in the markets, but there is a threat in it as well. The segment is still at risk. The virus is still spreading and we have to be on alert. But such activity and such recovery can only confuse us and cost us our winnings, so even with this recovery we have to remember – we as well as our money are still at risk.
Traders focus is on the USA today. Today Donald Trump gave a speech claiming that the USA have been in economic expansion 11 record-breaking years. Of course, Trump has only been in the office for 3 years, but that didn’t stop him from bragging about it in his Address of the Union speech. “I am thrilled to report to you tonight that our economy is the best it has ever been,” Trump said.
Surely, traders didn’t really care what Trump had to say as even with these claims USD stayed put in its current poison. There was no positive movement against the basket of six major peers and it seems that there is not going to be a break-through now.
TSLA are at it again with stock not planning on stopping with it growth. Yesterday Tesla shares jumped 20 percent, today they added 13 more to that surge. If this is maintained for several more days we are going to see it go higher than $1000 per share. And tesla already have reached 200 percent growth on the last 6 months, any higher and we are going to call it a phenomenon. Right now TSLA are at the highest point ever.
Here are the changes for today:
Topix added 1.7 percent.
Kospi was barely moved.
Shanghai Composite recovered 1.2 percent.
Hang Seng from Hong Kong added 0.2 percent
S&P 500 dropped 0.2 percent.
Euro decreased 0.2 percent - $1.1036.
Pound nudged a little lower - $1.3016.
Yen decreased 0.6 percent – 109.44 per dollar.
Canadian dollar was flat - $1.329.
Tesla jumped by 13 percent - $887.06.
Apple added 3.3 percent - $318.85.
Facebook grew 2.8 percent – $209.83.
Amazon advanced 2.3 percent – $2049.67 per share.
Google declined 2.5 percent - $1445.41.
WTI grew 1.2 percent - $50.01 per barrel.
Brent advanced 1.2 percent - $54.46 per barrel.
Gold added 0.4 percent - $1559.27 per ounce.
Silver added 0.6 percent - $17.66 per ounce.
Platinum nudged 0.2 percent higher– $964.54.
Palladium advanced 0.8 advanced - $2454.5 per ounce.