7/27/2020
By Charles Payne CEO & Principal Analyst

It was another week that began with gusto, but faded as anxieties over several issues boiled over:

• Congress extending the Coronavirus Aid, Relief, and Economic Security (CARES) Act
• Big Tech valuations
• Economic bounce losing steam

Note: I do not think the latest in the Cold War between the United States and China moved the market, even though the financial media glommed on the story as some hot spots exhibited signs of regaining control of COVID-19.

Bump in the Road to Recovery

The sixteen weeks of sequential declines in the initial unemployment jobless claims reversed last week, as states that have stalled or reversed parts of their reopening plans led the way.

To read the full report, contact your account representative or email Research@wstreet.com

Charles Payne
Wall Street Strategies

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