STOCK MARKET WATCH - Thursday, 2 July 2020

[Tansy_Gold]

STOCK MARKET WATCH, Thursday, 2 July 2020

Previous SMW:
SMW for 1 July 2020




AT THE CLOSING BELL ON: 1 July 2020


Dow Jones 25,734.97 -77.91 (0.30%)
S&P 500 3,115.86 +15.57 (0.50%)
Nasdaq 10,154.63 +95.86 (0.95%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:











Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not

be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[tclambert]

1. Markets still acting like the pandemic is just about over.

While I think the bad stuff is yet to come. Over 50,000 new cases in America today. Federal, state, and local budgets are blown to hell. Loads of companies struggling to stay afloat during what will come to be called a depression, not just a recession. Tens of millions still out of work. And tens of millions threatened with losing their homes.

Yet the stock market acts like those beaches will be open despite that giant shark swimming just offshore.

[progree]

2. Yes, the U.S. daily new cases only doubled (2.11X) in the past 22 days (7 day moving average)

https://www.worldometers.info/coronavirus/country/us/
Daily New Cases: 7 day average (click this checkbox just below the graph)
June 9: 21,282
July 1: 44,814
+111% increase (2.11 Fold)
yup. In just 22 days.

Another grim daily new cases 7 day moving average statistic
April 10: 32,464 - previous pre-June pandemic highpoint
July 1: 44,814
+38% increase over the April 10 peak

June 25 was the date that the April 10 peak was first surpassed.

Could be worse! Some day it will just disappear! Invest while you still have money! KAGA!