Where Does the Market Stand Today? | Weekly Market Minute


Stocks struggled last week as Covid cases in the U.S. spiked higher. So where does the market stand today?


The Covid-19 news that seemed to move the markets last week were the record daily cases and some reopening plans being reversed in Texas, Florida, and California. But as stocks struggled, high quality bonds and gold did buffer some of that downside. So, diversification continues to work in the second quarter.


Looking at the S&P 500 and this week is set up to be an interesting one. Outside of 4 days in the beginning of June, the S&P 500 has been in a 2965 to 3155 trading range since the middle of May. Not only that, but the S&P 500 closed on Friday right below its 200-day moving average which is a key technical indicator that gets followed closely. So, for the week ahead, does the S&P 500 bounce off of its 200-day moving average or does it test that 2965 support level.


If the S&P 500 does go back and test that support level with the VIX moving above 35, then things can certainty get a lot more interesting.


For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also subscribe to our YouTube channel and check out some of our other social media pages.


This has been your weekly market minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below:





Prefer Audio Over Video?

Stay informed on what's going on in the market without getting caught up in the flashy headlines.


Listen to this Episode:

Where Does the Market Stand Today?

Duration: 1:40

  • LinkedIn Social Icon
  • Facebook Social Icon
  • Twitter Social Icon
  • YouTube Social  Icon

To view a copy of our Customer Relationship Summary (CRS), please Click Here

Advisory services offered through Asset Strategy Advisors, LLC. (ASA), Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC, Insurance offered through Asset Strategy Financial Group, Inc. (ASFG). ASFG and ASA are independent of CIS. To access Concorde’s Form Customer Relationship Summary (CRS), please click here.

Asset Strategy does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstances.

There is no guarantee investment plans will meet its objectives.

This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of services referenced on this site are available in every state and through every advisor listed. For additional information, please contact Asset Strategy at info@assetstrategy.com. 

© 2020 Asset Strategy, LLC 

 Privacy & Use Policies  |  Broker Check  | Tax & Legal Discloure