- The NASDAQ 100 technology index closed yesterday at another new record high, and is up by 76% from its March low, outperforming the S&P 500.
- The major U.S. stock index, the S&P 500, again closed yesterday at a new record high. The Index is now up by more than 59% from its March low. The U.S. stock market has never fallen and recovered so far, so quickly, as it has in 2020. New all-time highs tend to represent good buying opportunities in stocks.
- The U.S. Dollar is making fairly strong short-term gains against its long-term bearish trend established over recent weeks following June’s “death cross” in the USD Index.
- Yesterday’s ADP Non-Farm Payrolls forecast on new U.S. jobs created came in considerably lower than expected, at only 428k when 1.25 million had been the consensus expectation.
- The EUR/USD currency pair has continued to fall quite strongly after hitting a new high just above the major psychological round number at 1.2000 a couple of days ago, and appear to be heading for the 1.1750 / 1.1700 area.
- The U.S. Dollar is clearly the strongest major currency, while the Euro is showing the greatest relative weakness.
- There will be a release today of U.S. ISM Non-Manufacturing PMI data.
- Coronavirus global death tolls are showing signs of beginning to rise again, with deaths in Latin America and the Caribbean at 43% of the global daily total, well exceeding those in both the U.S.A. (16%) and Europe (approx. 6%) which shows that the epicenter of the pandemic is well established in Latin America.
- Total confirmed new coronavirus cases stand at over 26 million with an average case fatality rate of 3.32%. The number of daily new cases has still not exceeded the all-time high made on 31st July. Global mortality over recent weeks is lower than it was during the first peak in April.
- Yesterday’s global total of confirmed new coronavirus cases was the highest number is over 2 weeks. The number of new cases is rising strongly in the European Union.
- The U.S.A., Brazil, and India each saw more than 1,000 deaths yesterday from the coronavirus.
- The rate of new coronavirus infections appears to now be increasing most quickly in Andorra, Argentina, Belize, Burma, Costa Rica, Ivory Coast, Cuba, Georgia, Hungary, India, Indonesia, Israel, Jamaica, Jordan, Nepal, Norway, Paraguay, Peru, Spain, Tunisia, Turkey, U.A.E., Ukraine, the U.K., and Venezuela.