S&P 500 Turns Positive, Investors Focus on Shutdown Odds

S&P 500 Turns Positive, Investors Focus on Shutdown Odds

#Investors #ignore #C19coronavirus #shutdown #economy #earnings #recovery #PresidentTrump

$DIA $SPY $QQQ $RUTX $VXX

Deep in investor minds is the Big Q: What are the chances of another lockdown

The Big A: Slim to None, as The Trump Administration has no appetite for shutting down the nation again. Instead, President Trump is looking for ways to reopen schools and keep the economy open as the election nears.

The federal government is not going to mandate a shutdown again. The indications we have gotten from the President, Larry Kudlow, and from his advisers is full throttle ahead.

Right or Wrong the federal government indicates that it wants to continue on the path of reopening the nation’s economy.

Tuesday, the major US stock market indexes finished at: DJIA +159.53 at 26840.40, NAS Comp -86.73 to 10680.45, S&P 500 +5.46 at 3257.30

Volume: Trade on the NYSE came in at 898-M/shares exchanged

HeffX-LTN’s overall technical outlook for the major US stock market indexes is Bullish with a Very Bullish bias.

  • NAS Comp +19.0% YTD
  • S&P 500 +0.8% YTD
  • DJIA -6.0% YTD
  • Russell 2000 -10.9% YTD

Looking Ahead: Investors will receive housing data Wednesday; Existing Home Sales for June, the FHFA Housing Price Index for July, and the weekly MBA Mortgage Applications Index. 

Have a healthy day, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.