2021 commenced with events that will mark history. The U.S. Capitol was assaulted by protestors possibly fueled by President Trump’s speech, Biden was ratified as the President-elect, and the Democrats gained control of the Senate. Additionally, President Trump has become the first president in history to be impeached twice. Alongside these events, the S&P 500 Read More
Posts by Juan Luque - Assistant Trader & Portfolio Manager
From the Trading Desk: New Highs, New Stocks & New Futures
One week away from the addition of Tesla into the S&P 500 Index and the stock continues to rise. It posted an all-time high price last week, has recovered from Wednesday’s loss and is back at a new high once again. Tesla – Past Six Months Investor sentiment continues to be driven by speculation that Read More
From the Trading Desk: Easy Come Easy Go
To recap my previous post, after the committee announced Tesla will join the S&P 500 Index and Morgan Stanley’s rating change, the stock rose sharply. The rally has continued and Telsa now trades well above the $550 level. Tesla Inc (TSLA) Goldman Sachs has a “Buy” rating on Tesla and set a target of $780 Read More
From the Trading Desk: Move Over Bill, There’s a New Sheriff in Town
To recap my last post, the uncertainty from the US presidential election has subsided. Last week, the S&P 500 Index was up 2.16% with major moves in the Energy sector amid positive news from Pfizer with the efficacy of their Covid-19 vaccine. The sector, which has been struggling for the past few years, posted a Read More
From the Trading Desk: One Week to Election Day
The S&P 500 Index was down 5.64% last week (October 26-30) and closed the month 2.77% lower. Sentiment was driven by the increase in Coronavirus infections in the U.S. and in various countries around the world. Investors digested the news which raises concerns about the sustainability of the economic recovery and future performance of individual Read More