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Showing posts from September 25, 2020

Friday - Rollercoaster

  DOW gained 300 points yesterday. Everything was mainly unchanged except for Crypto which saw a good gain through algorithmic buyings, since the volume was low. Home sale data was better than expected. Although another 870k people applied for unemployment, but we are not that far from all time highs, however, 50 day MA failed to halt the retreat in US benchmarks and now investors are eying 200 MA. Democrats are proposing $2.4 trillion stimulus to white house and the republican senate. Some economists doubt more funding for this year.  Trump in his speech mentioned that the vaccine will be out earlier than expected. Maybe Oct? Amazon announced its new gaming service, Luna Controller. Spotify patterned with Chernin Entertainment to adapt podcasts streamed on its platform for film and TV. Deliveroo, a UK based food delivery startup that is backed by Amazon, is exploring an IPO by 2021. ChargePoint Inc., an electric charging point network, announced its initial public offering pl...