Financial Markets Report

APRIL 29, 2020

Gold and treasuries fall slightly as global equities rebound. European equities struggle to keep up with the U.S. & Asia.

Nasdaq leads U.S. equities higher.

Healthcare, technology and consumer staples lead U.S. equities.

Gold miners, biotechnology and semiconductors are the strongest sub-sectors.

U.S. and China lead the global recovery

After energy was decimated over the last couple of months, it has now become the strongest rebounding sector since the markets bottomed March 23rd, up over 50% from bottom.

Gilead Sciences takes off as results from corona virus treatment better than expected

Economic Highlights:

GDP Contracts 4.8% in Q1 2020. Fed expected to remain highly accommodative, causing markets to push higher.

Dow, Nasdaq & S&P 500 Daily Change 4/29/2020 12:04pm

IMF predicts severe downturn with an exceptionally strong recovery

Source: IMF

Total Borrowings of Depository Institutions from the Federal Reserve - Still Relatively Modest Compared to the Financial Crisis

Financial Markets Report is brought to you by:

Blue Pacific Wealth Management

A Registered Investment Advisor in Austin, TX.

Fiduciary. Fee-Only. Independent.

Bryan Bourgeois


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Advisory services offered through Shorebreak Capital, LLC.®, A Registered Investment Advisor. Blue Pacific Wealth Management is an Austin-based affiliated firm of Shorebreak Capital, LLC®, a Registered Investment Advisor and specialty investment manager. Bryan Bourgeois is Principal of both Blue Pacific Wealth Management, Inc. & Shorebreak Capital, LLC®.


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