Market



Market TEARSHEETweek EndingPrepared By4/24/2020Your Name HereUS Stock Markets (S&P 500 Index)ChartSignificANT nEWSDATEsOURCEThe S&P 500 fell 2.7% on Tuesday, as IBM, Salesforce, & Oracle all fell by over 3%. Worries increased as software companies were initially thought to be safe havens for investors in a coronavirus market.April 20thCNBCThe S&P grew more top heavy, as the info-tech sector now accounts for 25.4%. There are 5 stocks making up 20% of the total market cap. Investor worries further increased by the fact fundamental analysis is being ignored, evidenced by the fact that deteriorating balance sheets, job shedding, and earning decline are all present, while the S&P rallies 26% from March’s low.April 21stYahoo FinanceMeat processing plants, such as Tyson, have begun to close down all over the country. This has caused groceries stores to worry about supply shortages of meat, further increasing consumer panic.April 23rdWSJUS 10-Year Treasury BondsChartSignificANT nEWSdATEsOURCE The 10-year treasury yield dropped to 0.55%. This is the lowest yield since the bottom in March. The yield decline is most likely linked to the huge decline in oil prices, which will be addressed in the oil section.April 21stCNBCThe yield barely moved throughout the week as investors saw an additional 4.427 million unemployment claims throughout the week. The total number of claims over the past 5 weeks is an astonishing 26 million unemployment claims. April 23rdCNBCOilChartSignificANT nEWSdATEsOURCEA historical moment occurred in the oil sector of the market. Over the course of just 20 minutes West Texas Intermediate, the top Oil benchmark in the U.S, had plunged to negative prices. Negative prices we’re something you would have thought we’re impossible, however, storage is a huge problem with oil. Production is not allowed to cease, so the producer’s hands were forced, and they had to pay buyers to take their oil. April 20thBloombergOil jumped by 40% at its peak on Wednesday. This boom came right around the time we threatened to destroy any harassing Iranian gunboats. One buyer was Carl Icahn.April 22ndCNBCLondon Stock Markets (FTSE Index)cHARTsIGNIFICANT nEWSDATEsOURCEThe London Stock Exchange reaffirmed their commitment to takeover a data company for $27 billion. The London Exchange Chief Executive David Schwimmer still believed strongly in the transaction, stating that there is “strategic rationale in the transaction.” He also cited the company’s resiliency during this economic downturn.April 21stReutersThe drug by Gilead Sciences Inc., which was a beacon of hope for investors last week, shook up the market yet again as it failed in a Chinese trial. UK issued 180 billion pounds of debt as public sector net borrowing trended towards 14% of GDP for the year, making it the largest single year deficit since WWII.April 24thExpress UKHong Kong Stock Market (Hang SenG Index)ChartSignificant NewsDATESourceA bear market has fallen on the Hang Seng Market; however, some stocks appear to be unaffected by the markets collapse. Companies who are capable or are already making essentials in their home country are doing terrifically compared to their globally reliant competition.April 20thSouth China Morning PostHong Kong market is allowing pre-revenue generating biotech firms to sell shares on the exchange. One company has reached major benefits of this, as Akeso has seen their share price soar by 57% since their IPO on Friday. This comes as the Hang Seng index is down 15% from the start of the year, showing there is gold to be found inside a garbage of a market.April 24thFinancial TimesSummary of MarketsCoronavirus will continue to keep the global marketplace in a state of extreme volatility, as every inkling of hope of re-openings and new drugs surges the markets, while deaths, unemployment, and failed tests crash it. However, the main mover in the marketplace this week was not the virus, rather it was oil. Oil producers we’re developing a supply that far outweighed demand, resulting in negative prices for oil for the first time in history. This is an unprecedented time for oil, as there is no storage, but production is not ceasing, leaving investors confused on how to invest. My personal opinion is, OPEC, Russia, & the U.S have profited off of oil for decades and will find a solution to regain their lost profits. Grab the oil shares while they’re low, as they will inevitably climb back up as restrictions loosen and demand returns to near-normal levels. ................
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