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Friend , U.S. Stocks Bounce Back Despite Virus Risk Tradinggods.net

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tradinggods.net

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dan@tradinggods.net

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Fri, Jun 12, 2020 09:01 PM

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   *****Advertisement*****   Dear Trading God Friend,   Stocks recovered Friday from

[TradingGods.net Logo]     ****Advertisement*****   Legend who bought Apple at $1.42 says buy TaaS now The next big tech trend that could explode in today's new economy is coming to your hometown - which could make you a small fortune over the next few years. [Go here to get the top pick free.](    *****Advertisement*****   Dear Trading God Friend,   Stocks recovered Friday from one of their worst selloffs of the year. The Dow and broader U.S. stock market rebounded on Friday, as investors remained hopeful that the economy had turned a corner in the wake of COVID-19  All of Wall Street's major indices finished in positive territory, with the Dow Jones Industrial Average (DIA) rallying 477.37 points, or 1.9%, to 25.605.54.  The broad S&P 500 Index (SPY) of large-cap stocks gained 1.3% to close at 3,041.31. Gains were concentrated in six of 11 primary sectors, with financials leading the pack. Energy and materials companies also reported strong gains.  Meanwhile, the technology-focused Nasdaq Composite Index (QQQ) rose 1% to 9,588.81.  The CBOE Volatility Index, commonly known as the VIX, declined sharply on Friday. The so-called 'investor fear index' reached an intraday low of 34.97 on a scale of 1-100 where 20 represents the historical average. It would eventually settle down 11.6% at 36.05.  Equity markets are coming off a highly volatile Thursday session as investors began to assess the possibility of a second wave of coronavirus infections. As of Friday, there were more than 2 million domestic cases of COVID-19. Globally, the caseload has reached nearly 7.6 million, according to Johns Hopkins University.   The Final Word: Although the worst of the pandemic may be over, the U.S. economy is heading for a sharp contraction this year. The Federal Reserve announced earlier this week it will keep interest rates at record lows through 2022 to help expedite the recovery.  We'll talk soon,  Dan  Dan The Trading God     *****Advertisement*****   ID=174048;size=600x250;setID=420789;extraData=507;uid={EMAIL}June 12, 2020;lat={EMAIL};click=1  *****Advertisement*****  [Ridgeline Media Group LLC BBB Business Review]( Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to TradingGods.net [Disclaimer,]( [Terms of Use,]( [Privacy Policy]( before accessing or using this or any other publication by TradingGods.net or Ridgeline Media Group, LLC. Ridgeline Media Group, LLC does not endorse any products that may be advertised in this email.  If you no longer wish to receive our emails, click the link below: [Unsubscribe](  Ridgeline Media Group LLC 70 SW Century Drive Suite 100-148 Bend, Oregon 97702 United States Media Group, LLC/html

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