The UK stock-market was higher this week
- Concerns over rising coronavirus cases across the world and continued uncertainty about a Brexit deal dampened the market’s spirits this week.
- Prime Minister Boris Johnson warned that a critical moment had been reached with the largest rise in daily coronavirus cases since the pandemic began and said he would not hesitate to “take further measures” if necessary.
- Both our Breadth Indicator and our Momentum indicator stayed negative this week.
The US stock-market was higher this week
- The first presidential debate took place on Tuesday. The debate was heated to say the least with President Donald Trump and Democratic candidate Joe Biden clashing over the economy, the handling of the coronavirus pandemic, law and order and other issues.
- A $2.2 trillion stimulus package was passed by House Democrats but no agreement has been reached with Republications on the proposal.
- President Donald Trump’s announcement on Twitter Thursday night that he and his wife had contracted COVID-19 added to the uncertainty in Washington and sent stocks sharply lower although today (Monday) they have recovered.
- Our Breadth Indicator turned neutral this week but our Momentum Indicator, although still positive, ticked down again.
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