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Fed to the rescue The ASX 200 (ASX:XJO) caught up to Wall Street’s Friday falls, dropping another 2.2% and taking the losing streak to three consecutive days. The weakness was driven by a combination of cyclicals and the financial sector, with energy down another 3.4% along with consumer discretionary. Wesfarmers Ltd (ASX:WES) lead the sector…

It was a mixed end to the week for the ASX 200 (ASX:XJO) falling 1.9% but recovering from intra-day lows of 3.4% as US markets showed investors were ‘buying the dip’.

Sharemarkets around the world capitulated on Thursday as concerns of a second wave of the Coronavirus hit the US, the S&P 500 shedding (SPX:IND) 5.9% with only one constituent, grocery retailer Kroger’s Inc. (NYSE:KR) posting a positive return.

The ASX 200 (ASX:XJO) managed to hold onto a small gain on Wednesday, adding 3.5 points despite dropping 1% at the open. CSL Ltd (ASX:CSL) almost singlehandedly floated the market, with its 2.6% rally adding 10 points to the ASX 200 alone.

The ASX 200 (ASX:XJO) delivered a sixth straight day of gains, taking the run to over 6%, as it finished up 2.4% on Tuesday following the public holiday in Victoria.

The ASX 200 finished a sixth straight week in positive territory, adding 4.2%, but gaining just 0.1% on Friday.

The S&P 500 broke three straight days of gains, falling 0.2% as investors seemingly became exhausted from an extended rally. This despite unemployment benefits slowing and announced recoveries in domestic flights.

The Australian economy is now experiencing its first recession in close to 30 years. The initial impact of the COVID-19 outbreak sent domestic GDP down -0.3% in the March quarter, with experts predicting a contraction of as much as -8.4% in June.

Global sharemarkets continued their incredible rally even as protests and riots continued in the US, following President Trump’s call to bring in the military.

Despite widespread geopolitical and societal tension, be it from US protests or the threat of a renewed trade war with China, the market seem to keep powering through exhibiting the disconnect between Wall Street and Main Street.

Most gold investors are quietly happy about the yellow metal’s 2020 rise from US$1,514.75 to US$1,728.70 – that’s a healthy 14.1 rise. But if you’re an Australian gold miner, you’re even happier about its 2020 movement in A$, from $2,164.67 to $2,591.91 – in local currency, gold is up almost 20%. And at that price,…

With markets waiting with baited breath for President Trump’s speech on his policy towards China. The ASX 200 (ASX:XJO) fell heavily in the afternoon to finish down 1.6% for the day.