Travel

Market Update: Investors Optimistic as Global Economies Reopen

The quickest bear market in the history of the US S&P 500 turned into the best 50-day bull market rally in history in May. By market close on June 3, 2020, the S&P 500 Index was up 37.7% from its March 23, 2020 low. This bullish investor sentiment has been based on the continued decline in new coro ...

Episode 4: The Lights are Out in the Travel Sector – Will They Ever Go Back On?

Many sectors have been impacted by the pandemic, but none more completely than the travel sector. One week is was functioning at full capacity, and then the next the lights had completely gone out, or so it seems. When they go back on, they will shine on a completely different sector, one is which ...

Canada-U.S. Border to remain closed to non-essential travel until June 21, 2020

Canada has indicated that the Canada-U.S. border will remain closed to non-essential travel until June 21, 2020.  “Non-essential” travel includes travel that is considered as tourism or recreational in nature. The restrictions may be extended again.  On March 21, the restrictions on essential ...

April 1, 2020

Well, now that the horrors of March are done with, I’m sure we’re all very happy to start off a bright and shiny new … well, never mind: Faced with grim new projections of the potential scale and economic ramifications of the coronavirus pandemic, investors dumped stocks on Wednesday. The ...

April 3, 2020

Wow, no illustrations today! I can remember the halcyon days of my youth when that was normal! The US jobs number recorded a big whoopsy today: The longest stretch of job creation in American history came to a halt last month, the Labor Department reported Friday, another reflection of the coronavi ...

March 2020 Pricing Commentary

The month of March was challenging for global financial markets as investors assessed the spread of COVID-19 and the wide-ranging economic impact of social distancing and self-isolation. Additionally, an unexpected Saudi Arabian – Russian energy price war sent the price of crude oil tumbling to a ...

March 12, 2020

So, it was a day and a half, it was: Stocks continued their plunge on Thursday, as President Trump’s latest effort to address the coronavirus outbreak — a ban on the entry from most European countries to the United States — disappointed investors who have been waiting for W ...

Tech Talk for Thursday March 12th 2020

Pre-opening Comments for Thursday March 12th U.S equity index futures were lower this morning. S&P 500 futures were down 139 points. Index futures are responding to growing coronavirus fears. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the ...

Could the surge in market volatility signal the end of the current market cycle?

Last Friday, Russia surprised markets by refusing to the production cuts the rest of OPEC+ supported – cuts that were needed to stabilize oil prices in the face of the coronavirus-related hit to global demand. Saudi Arabia responded over the weekend by announcing an actual increase in oil product ...

March 9, 2020

So, the New York Times sums up the day: Stocks in the United States on Monday suffered their worst single-day decline in more than a decade, as the coronavirus and an oil price war fueled concerns about the state of the global economy. The S&P 500 fell 7.6 percent on Monday, fall ...