First Trust Dow 30 Equal Weight ETF News

In the Keynesian model, fiscal stimulus boosts demand during a recession by making up for the decline in disposable income during a period of falling GDP.

August is the worst-performing month for stocks, but not this year. Expect a pause that refreshes for the S&P in the very near term.

This week, despite repeated attempts, the bulls were unable to close above all-time highs solidly. As they say, it was close, but no cigar.

The US economic recovery depends on three factors, namely, COVID-19, the Fed, and Congress. Capitol Hill failed to deliver the next round of stimulus and next week will likely be the blame game.

The jobs market has come back somewhat, although gains until now are largely the low hanging fruit Thanks to the stimulus, consumer spending has returned to pre-pandemic levels.

In a number of my recent blog posts, I have written about the V-shaped recovery unfolding in both the equity market and the economy.

The 10yr Treasury rises to 0.7% from 0.55% lows on Aug. 4th.

A sloppy auction saw 30-year Treasury yields surge 21 bps this week to 1.45%, an almost seven-week closing high.

In a previous post Market Bubbles, I touched on George Soros' theory of reflexivity. Interestingly, MarketWatch discussed with George why he no longer participates in the bubble.

Two things I want to emphasize. First, we might be witnessing a shift away from growth and momentum to value bargain-hunting.

Today's report on Industrial Production for July shows a 3.03% increase month-over-month, which was at the Investing.com consensus.

Most markets in the Asia-Pacific region eased, though China and Australia advanced. Japanese shares were mixed.

Positive momentum has continued to shine as a forward indicator for technology and consumer discretionary stocks in recent months.

The travel and entertainment industry is bearing the brunt of the pandemic. The financial cost of the pandemic will be long-lasting.

Since its low on March 23, the S&P 500 Index has recovered by nearly 50% on the back of historic government and central bank intervention.