The week 29.06. – 02.07.2020
A short but positive week is behind us. Investor concerns about Covid-19 and its aftermath remained.
A short but positive week is behind us. Investor concerns about Covid-19 and its aftermath remained.
Fear and uncertainty surrounding the spread of Covid-19 returned as a topic of discussion in the markets.
Bad news and nervousness dominated the markets last week.
The helicopter money and the better than expected economic data flushed some fresh capital into the S & P500 index.
The hope of a V-shaped recovery in the economy is spreading.
The hope of a break through regarding the development of a vaccine against Covid19 on the one hand and the poor unemployment figures and the further deterioration in economic data on the other hand.
ONE SIGNAL closed the week with a profit of 2.47% and had so far the fourth-best week year to date.
ONE SIGNAL closed the week down 0.41% while the S&P500 narrowed the gap by another 4.00%.
After a seven-week series of wins, we suffered a small LOSS of 0.40% in the past week.