Stocks Regain Yesterday’s Retreat

Friends

The bulls were able to recapture yesterday’s late day selloff to put the market back on track for a positive week heading into the Memorial Day weekend. Retail earnings from the big boys like Walmart, Target, Home Depot and Lowe’s have all been pretty good, and that is not surprising as they were seen as the winners during this crisis. But, there might be a feeling building that the reopening seems to be going ok so far. Yes, it’s early, but maybe things will go relatively smoother than had been expected by some.

As for today, by the close the Dow Jones Industrial Average was up 369 points to finish the day at 24,575. The S&P 500 was up 48 points to close at 2,971. Gold was up $6 to trade at $1,751 per ounce, while oil was up $1.79 to trade at $33.75 per barrel WTI.

We’ve attached a video below where I talk a little bit about what we are doing office wise at CHJ. We’ll continue to keep you up to date on how we are handling the reopening of the economy going forward.

Have a nice evening everyone.

Jim

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