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
Principal
Email: Ceo@BluePacificWealth.com
Website: http://www.BluePacificWealth.com
Location: 2501 West William Cannon Drive #2-204, Austin, TX, USA
Phone: 5122031905
Facebook: https://www.facebook.com/bluepacificwealth/
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®.
Ceo@BluePacificWealth.com
512-203-1905
2501 W. William Cannon Dr. Blg. 2 Ste. 204 Austin, TX 78745
Ceo@BluePacificWealth.com
512-203-1905
2501 W. William Cannon Dr. Blg. 2 Ste. 204 Austin, TX 78745
Click here to be redirected to Finra BrokerCheck.