SPDR S&P 500 ETF Trust: Pivot points » 08:2105/2905/29/20
The following are the…
Wells Fargo initiated with a Neutral at DA Davidson » 07:3705/2905/29/20
As previously reported,…
Wells Fargo initiated with a Neutral at DA Davidson » 16:3905/2805/28/20
DA Davidson initiated…
DA Davidson initiated coverage of Wells Fargo with a Neutral rating and $27 price target.
Averages mixed, Dow turns negative after Trump announces China news conference » 15:4105/2805/28/20
SPY, SPX, DJX, NDX
The major averages have…
The major averages have come off their earlier highs, and the Dow has moved into negative ground, after President Donald Trump announced that he plans to host a news conference tomorrow about China. His announcement follows the news earlier that China's National People's Congress approved a national security bill for Hong Kong.
Kudlow says looking at deductions for restaurants, travel » 13:5505/2805/28/20
Larry Kudlow, the…
Larry Kudlow, the National Economic Council Director, while being interviewed on CNBC, said the Trump administration is looking at "a lot of options" for a next phase coronavirus bill. The administration is considering deductions for restaurants and travel and weighing a potential back-to-work bonus, Kudlow said.
Cuomo to sign order to authorize businesses to deny entry for not wearing masks » 12:0105/2805/28/20
Governor Cuomo announced…
Governor Cuomo announced that he will sign an executive order authorizing private businesses to deny entry to those who do not wear masks of face coverings. The governor noted "we have to culturalize wearing masks" and "masks work."
NY Governor Cuomo reports 74 virus deaths vs. 74 deaths the day before » 11:5405/2805/28/20
In his daily COVID-19…
In his daily COVID-19 briefing, New York Governor Andrew Cuomo reported 74 virus deaths in the state yesterday vs. 74 deaths the previous day. Governor Cuomo noted that 52 deaths occurred in hospitals and 22 deaths occurred in nursing homes. Governor Cuomo also reported the number of total hospitalizations are down, the rolling total is down, net change in intubations are down, and the 3-day average of new COVID cases are down to 163 vs. 181 the day before.
Butterfly buyer in SPY targets 18% downside over next three weeks » 10:4005/2805/28/20
Butterfly buyer in SPY…
Butterfly buyer in SPY targets 18% downside over next three weeks. Relatively flat open has SPY trading near $304 this morning with a large trade executed in the ISE complex order book where a customer paid 29c for the June 235/250/265 put butterfly as the underlying traded $303.82. Potentially adjusts existing positions, the structure has a potential max value of $15, 50x the premium paid, if SPY were to close at the $250 level on June 19th.
Trump calls coronavirus 'very bad gift from China' in new tweet » 10:3805/2805/28/20
President Donald Trump…
President Donald Trump tweeted: "All over the World the CoronaVirus, a very bad 'gift' from China, marches on. Not good!" Reference Link
Citi pursuing 'slow' reopen amid commuter fears, Bloomberg reports » 10:1905/2805/28/20
Citigroup planning to…
Citigroup planning to reopen its New York headquarters to a small number of employees as soon as July, and workers will return to London offices even earlier, Bloomberg's Erik Schatzer reports. "It's going to be driven by data, it's likely to be slow, it's going to be granular, site-by-site and within those sites, job-by-job," Chief Executive Officer Michael Corbat said in a Bloomberg "Front Row" interview. On a follow-up phone call, he said sometime in July or possibly August is when Citigroup hopes to return about 5% of the 12,000-odd staff at its main building in Manhattan's Tribeca neighborhood. Re-entry will begin next month at the Canary Wharf complex in London, the report notes. Reference Link