S&P500 in flirt with a new all-time high

S&P500 in flirt with a new all-time high

2020-08-18 • Updated

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Ichimoku Kinko Hyo

EUR/JPY: The EUR/JPY pair is now testing the upper level of the cloud. A successful attempt to exit the Kumo will signal a new bullish sentiment.

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US Market View

Construction of the United States homes surged 22.6% in the previous month as homebuilders bounced back from the coronavirus pandemic since the beginning of the year.

The world’s largest sovereign wealth fund (Norway’s Pension Fund Global) reported $21B loss in the first 6 months of 2020.

Stocks rose today as the S&P500 attempted once again to surpass its previous record close back in February 2020, before the COVID-19 hit. 

US Key Point

  • Construction of the United States homes surged 22.6% in the previous month
  • The world’s largest sovereign wealth fund
  • S&P500 in flirt with a new all-time high

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