tyb
Market Wrap-May 18th, 2020'
Gold traded at its highest price in seven years before retreating Cap#3-as the customary "let's hit it on the NYMEX open" continues-POTUS pointing it out on the chart, while West Texas oil rose above $30 a barrel for the first time in two months as producers in the U.S. and elsewhere continued to cut activity-to settle at $31.82 a barrel on the New York Mercantile Exchange cap#4. That was the highest front-month contract finish since March 11. Elsewhere, industrial metals climbed after China announced guidelines to revive large infrastructure projects. Currencies of ore and crude oil exporters strengthened, from Norway’s krone to the Australian dollar. The US dollar drifted lower all day-cap #5 Nice volume towards the close and trailed off a little at muh closing bell-the shorts are contributing to this rise imo- eventually it will equalize once they get "hip" to the direction…or not. They seem to be behind the direction changes lately-the herds at least. the numbers next from the msm
S&P 500 hits 10-week high on vaccine hopes and stimulus promise
U.S. stocks jumped on Monday, and the S&P 500 reached a 10-week high, on encouraging early-stage data for a potential coronavirus vaccine and on the promise of more stimulus to lift an economy beaten down by the pandemic. Drugmaker Moderna Inc (MRNA.O) surged 26.15% after the company said its experimental COVID-19 vaccine showed promising results in a small early-stage trial. After surging more than 32% from a multi-year low hit in March, the S&P 500 had been trading in a tight range in May as investors weighed the hopes of an economic recovery against the fears of another wave of infection as states lifted virus-led restrictions. Stocks that have been particularly battered by government lockdown measures implemented to stem the spread of the coronavirus surged on Monday. Travel-related stocks were among the biggest gainers, with cruise line operators Carnival Corp (CCL.N), Royal Caribbean Cruises Ltd (RCL.N) and Norwegian Cruise Line Holdings Ltd (NCLH.N) up at least 14%. Airlines also soared, with the NYSE Arca airline index .XAL climbing 12.7%. Delta Air Lines (DAL.N) on Monday said it would resume flying several major routes in June. Markets also took heart from comments by Federal Reserve Chair Jerome Powell over the weekend forecasting a gradual economic recovery and his affirmation that more monetary stimulus would be on the way if required. Powell is set to speak before the Senate Banking Committee on Tuesday to discuss how economic rescue efforts are working.
https://www.reuters.com/article/us-usa-stocks/sp-500-hits-10-week-high-on-vaccine-hopes-and-stimulus-promise-idUSKBN22U1E4
two additional headlines
JPMorgan Plans to Close Four ETFs That Mimic Hedge-Fund Styles
JPMorgan Chase & Co. is planning to close a handful of ETFs that echo strategies used by hedge funds. The $22.6 million JPMorgan Long/Short ETF (JPLS), the $53.9 million JPMorgan Managed Futures Strategy ETF (JPMF), the $53.8 million JPMorgan Diversified Alternatives ETF (JPHF) and the $25.1 million JPMorgan Event Driven ETF (JPED) will be liquidated in June, the New York-based firm said in a statement Friday. In addition, JPMorgan will close two other funds: the $14.2 million JPMorgan Diversified Return Europe Equity ETF (JPEU) and the $60.8 million JPMorgan Diversified Return Global Equity ETF (JPGE).
https://www.bnnbloomberg.ca/jpmorgan-plans-to-close-four-etfs-that-mimic-hedge-fund-styles-1.1437932
More than 8% of U.S. mortgages now in forbearance: MBA weekly survey
https://www.reuters.com/article/us-usa-economy-mortgages/more-than-8-of-u-s-mortgages-now-in-forbearance-mba-weekly-survey-idUSKBN22U2U9
https://finance.yahoo.com/quote/%5EDJI
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
https://www.kitco.com/charts/livegold.html
https://www.marketwatch.com/investing/index/dxy
Virgin Galactic Holdings sold by Vieco 10 Ltd: $41.08m-May 14-15
Branson selling out
The majority owner of Vieco 10 Limited is Virgin Investments Limited, whose sole shareholder is Virgin Group Investments LLC.
https://www.virgin.com/virgingroup/content/our-senior-team
Virgin Galactic Holdings, Inc., formerly Social Capital Hedosophia Holdings Corp., is an aerospace company that provides human spaceflight for private individuals and researchers. The Company is focused on developing a spaceflight system to offer customers a multi-day experience culminating in a spaceflight that includes several minutes of weightlessness and views of earth from space. Through its aerospace development subsidiary, The Spaceship Company, LLC, the Company manufactures its space vehicles in Mojave, California. Its spaceflight system consists of three primary components: its carrier aircraft, WhiteKnightTwo; its spaceship, SpaceShipTwo, and its hybrid rocket motor. SpaceShipTwo is a spaceship with the capacity to carry pilots and customers or payloads, into space and return them to earth.WhiteKnightTwo is a twin-fuselage aircraft designed to carry SpaceShipTwo up to an altitude of approximately 45,000 feet where the spaceship is released for its flight into space. Number of employees : 906 people.
https://www.marketscreener.com/VIRGIN-GALACTIC-HOLDINGS-54264538/company/
https://www.finviz.com/insidertrading.ashx?oc=1609096&tc=7&b=2
muh niqqa