Weekly Report 2020 Wk24 - AshokBhat/investing GitHub Wiki
Major news
USA
Fed meeting update
- Near-zero interest rates through 2022
- Warns of a long road to recovery
- High asset prices will not stop Fed actions
- Will not voluntarily pop any bubble
- Best summarized by John Authers -
Powell's Ready to Play the Fresh Prince of Bubbles
Market is up, up and away
- Robinhood frenzy continues - Hertz, FANGDD, ...
- Reuters - "A casino or stock market? Retail buying frenzy goes wild"
- WSJ - Day Traders Buy Until It Hertz
Europe
India
Gold
Historical Performance
| Period |
Change ($) |
Change (%) |
| 30 Days |
+18.60 |
+6.87% |
| 1 year |
+459.90 |
+36.13% |
| 5 Years |
+526.80 |
+43.69% |
Source: https://www.kitco.com/charts/livegold.html
Weekly update
| Item |
GBP |
USD |
| Current Price |
£1,427.26 |
$1,736.63 |
| Week High |
£1,459.42 |
$1,765.55 |
| Week Low |
£1,404.18 |
$1,717.83 |
| Week Change |
£-13.46 (-0.93%) |
$-6.92 (-0.40%) |
Source: https://www.gold.co.uk/gold-price/
Exchange rates
| Currency |
Rate |
Previous week |
| GBP to INR |
96 |
|
| GBP to USD |
1.27 |
|
| USD to INR |
75.77 |
|
US stocks
| Index |
Friday's Close |
Week’s Change |
% Change YTD |
| DJIA |
24,465.16 |
+779.74 |
-14.27% |
| S&P 500 |
2,955.45 |
+91.75 |
-8.52% |
| Nasdaq Composite |
9,324.59 |
310.03 |
3.92% |
| S&P MidCap 400 |
1,693.16 |
+114.90 |
-17.93% |
| Russell 2000 |
1,352.38 |
95.39 |
-18.94% |
Source: https://www.troweprice.com/
Momentum stocks
| Index |
Friday's Close |
Week’s Change |
% Change YTD |
| Tesla |
? |
|
|
| Hertz |
? |
|
|
Fed balance sheet
- The Federal Reserve’s balance sheet crossed $7 trillion.
| Date |
Assets |
| 4-Mar-2020 |
4,241,507 |
| 1-Apr-2020 |
5,811,607 |
| 6-May-2020 |
6,721,420 |
| 13-May-2020 |
6,934,227 |
| 20-May-2020 |
7,037,258 |
| 27-May-2020 |
7,097,316 |
| 3-Jun-2020 |
7,165,217 |
Source: https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
Interesting charts
Gold standard and inequality
