Loading...

GraniteShares

Research

The Long and Short of it, week ending 05 Feb 2021

Posted:
Publication Type: Market Commentaries

Week in review:

U.S. stock markets moved higher last week with both the S&P 500 and Nasdaq Composite Indexes reaching new record highs. Steps taken by the Democratic controlled House and Senate set the stage for passage of a $1.9 trillion coronavirus relief package were the primary reasons for last week’s gains. Strong earnings reports in tech and energy and material stocks and a slightly better than-expected employment situation report also helped move stock markets higher. Increased expectations of the passage of the $1.9 trillion stimulus package also acted to move 10-year Treasury rates higher and helped subdue the strengthening of the U.S. dollar. At week’s end the S&P 500 Index increased 4.7% to 3,886.83, the Nasdaq Composite Index rose 6.0% to 13,856.30, the 10-year U.S. Treasury rate increased 11bps to 1.17% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 0.5%

For More Detail read the following PDF.

The Long and Short of it, week ending 05 Feb 2021

Granite Shares

More research related to

3LAL 3LAP 3LZN 3LMS 3LFB 3LTS 3LNF 3LNV 3LVO 3LBC 3LLL 3LGL 3LBP 3LAZ 3SAL 3SAP 3SZN 3SMS 3SFB 3STS 3SNF 3SNV 3SBC 3SLL 3SGL 3SBP 3SAZ 3SVO 3LDO 3SDO 3LBA 3SBA 3LRI 3SRI 3LRD 3SRD 3LRR 3LUB 3SUB 3SRR
Related Products

Request a meeting or need more information

Please get in touch

© 2021 GraniteShares. All rights reserved.