Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

3rd Quarter | 2020

Market insights and analysis

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Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

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I don’t know whether you are in a state that is beginning to get out from under a stay-at-home order or if you are, like us here in Michigan, still very much in the shelter-in-place mode. But one thing I am certain of—you want to get out of the house and do something. Anything!

Gold prices had been building a base of support around $1,700 per ounce for several weeks. Last week, prices began to break out from that base of support (see the following chart). Prices moved up steadily, closing at their weekly high of $1,756.30 per ounce.

The major stock market indexes finished the week with strong gains. The Dow Jones Industrial Average grew 2.6%, the S&P 500 Index rose 3.5%, the NASDAQ Composite rallied 6.0%, and the Russell 2000 small-capitalization index gained ground with a 5.5 % advance. The 10-year Treasury bond yield rose 6 basis points, sending Treasury Bonds generally lower. Last week, spot gold closed higher at $1,702.70, up $2.28 per ounce, or 0.13%.

Last week, gold prices continued to solidify support around $1,700 per ounce, closing the week at $1,713.90 per ounce.

April ETF Deathwatch contains 385 zombie ETFs and ETNs.