Stocks Rise Again on Hopes for Opening Economies

Published April 20, 2020

Stocks rallied for the 2nd straight week as investors and policy makers focus on re-opening global economies and possible vaccines. On the other hand, economists focused on the weak economic data and continued uncertainty about when world growth will recover. As shown below, our indexes were up from 1.5% to 7% led by the concentrated semiconductor index (SMH) and our display equipment index (ESSI). On a YTD basis, large cap tech (XLK) is down the least at -3% followed by SMH with emerging markets (EEM) down the most at -19% followed by panel makers at -18% (PSSI)

Please register or login to read full article

Forgot your password?

You can select more than one.

Image Description
Written by

Ross Young