7.13.2020

S&P 500 Company Returns Last Week (7/6 - 7/10)

 

The Tech Stock Rally Is Getting Scary. Why There's No Way to Escape It. - Barron's

"Like an Escher drawing hanging in a student's dorm room, the stock market has begun to look rational and irrational simultaneously. Nowhere is that more obvious than in the Nasdaq Composite."

 

S&P 500 earnings set to plunge as the coronavirus batters all sectors - with Wall Street counting on a bounce that may not come - MarketWatch

"The one certainty about the outlook for companies in a COVID-19 world is that second-quarter earnings will be very bad - the worst, in fact, in more than 10 years."

 

Lumber Prices Rise Sharply Despite Covid-19 - Barron's

"Lumber prices and their rapid rise, particularly in the three weeks ended on July 2, have exposed an industry that was or is 'underinventoried to meet current demand,' says Greg Kuta, president of lumber broker Westline Capital Strategies."

 

Bank Earnings: Main Street Blues vs. Wall Street Boom - WSJ

"Investment banking has been working in banks' favor, but lending to consumers and companies is under increasing pressure"