Morgans Financial Limited

Morgans AM: Friday 16 October 2020


Listen Later

US equity markets retreated for a third session albeit settled well off their worst levels of the session - Dow settled -20-points or -0.07%, recovering from an earlier fall of over >300-points The broader S&P500 -0.15%, with weakness in Health Care (down -0.72%), Communication Services (-0.65%) and Information Technology (-0.44%) offsetting gains for the Energy (up +1.17%) and Financials (+0.81%) sectors. The technology centric Nasdaq lost -0.47%, with Facebook Inc down -1.9% amid fresh regulatory concerns. The Financial Times reported that France and the Netherlands are endorsing a plan for the European Union to curb the power of Big Tech, including by possibly breaking companies up. Equity strategists at Goldman Sachs said that the next few months are likely to see shifts in policy and the economy that support a “quite large,” if temporary, rotation The small-capitalisation Russell 2000 index gained +1.1% and outperformed its peer equity gauges by the greatest margin since late April, according to Dow Jones Market Data. The last time the Russell 2000 outperformed its peers by greater than >1% was 28 April, when markets were wrestling with the market's rebound from lows hit on 23 March. The other periods of outperformance for the Russell 2000 were 30 July, 2019, October of 2014, June of 2006 and June of 2002.
...more
View all episodesView all episodes
Download on the App Store

Morgans Financial LimitedBy Morgans Financial


More shows like Morgans Financial Limited

View all
Pivot by New York Magazine

Pivot

9,724 Listeners

CommSec Market Update by CommSec

CommSec Market Update

16 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

20 Listeners

The Money Puzzle by The Australian

The Money Puzzle

45 Listeners

Your Wealth by NAB

Your Wealth

8 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

13 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

61 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

21 Listeners

FEAR & GREED | Business News by Fear and Greed

FEAR & GREED | Business News

11 Listeners

The Rest Is History by Goalhanger

The Rest Is History

15,506 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

36 Listeners

The Front by The Australian

The Front

52 Listeners

Chanticleer by Australian Financial Review

Chanticleer

22 Listeners

The Fin by Australian Financial Review

The Fin

20 Listeners

5 in 5 with ANZ by ANZ

5 in 5 with ANZ

7 Listeners