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Market Roundup, for the week of 8/2/2020 to 8/9/2020

Stocks


- Apple will perform a 4/1 share split. Owners of $AAPL will see their shares divided into four shares, making these shares easier for individual investors to purchase.


- Major indices like the Nasdaq 100 and S&P 500 traded flat on news of a breakdown in talks in Congress over a third COVID-19 relief package. Democrats and Republicans remain far apart on key elements of the deal including extending extra unemployment benefits.


- President Trump signed an executive order to extend unemployment benefits through the end of the year, after Congress’ inaction. It is likely to face legal challenges.


Bonds


- The yield on 10 Year US Treasury notes bounced off historic lows, moving from ~0.56% to ~0.67%. This reflects a growing appetite for risk assets, and less demand for risk free assets like Treasuries. Bond yields and bond prices move inversely to one another.


- Yields on Germany’s 10-year debt moved barely higher. Europe has had a somewhat quicker recovery than the US, although there are signs of a slowdown.


Commodities


- Gold and Silver extended their gains to reach new record highs, before selling off at the end of the week. Gold and Silver are a hedge against potential inflation spurred by excessive monetary stimulus in the developed world.


- Industrial commodities like copper and aluminum moved higher.

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Market Roundup for the week of 8/16/2020 to 8/23/2020

Stocks: - Shares in AAPL continued their meteoric rise as they approach their share split. AAPL now trades at $503.53 at market close August 24th, 2020. - The SP500 traded 1% above last week’s level,