Category: Opinion

Novum Digital Asset Alpha – Daily Analysis 31 July 2020 (8-Minute Read)

Novum Digital Asset Alpha – Daily Analysis 31 July 2020 (8-Minute Read)

Finally it’s Friday and to all my Muslim friends celebrating Eid-al-Adha I wish them a most joyous Eid Mubarak!  In brief (TL:DR) U.S. stocks fell going into Thursday, with the U.S. experiencing a record drop in GDP for the second quarter pushing the S&P 500 (-0.37%) and blue-chip Dow Jones Industrial Average (-0.85%) downwards while tech-heavy Nasdaq Composite (+0.43%) managed to stay […]

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Novum Digital Asset Alpha – Daily Analysis 30 July 2020 (8-Minute Read)

Novum Digital Asset Alpha – Daily Analysis 30 July 2020 (8-Minute Read)

Turning into Thursday and thanks to the U.S. Federal Reserve, it’s turning out to be a terrific day for markets!   In brief (TL:DR) U.S. stocks switched positive on Wednesday after the Federal Open Market Committee opted to keep benchmark interest rates unchanged at their near-zero level, pushing the S&P 500 (+1.24%), blue-chip Dow Jones Industrial Average (+0.61%) and tech-heavy […]

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Novum Digital Asset Alpha – Daily Analysis 28 July 2020 (8-Minute Read)

Novum Digital Asset Alpha – Daily Analysis 28 July 2020 (8-Minute Read)

Tuning into Tuesday, I hope you’re having a terrific one as markets have rebounded and gold is more precious than ever!  In brief (TL:DR) U.S. stocks started the week with a bang, clawing back losses made on Friday. with the S&P 500 (+0.74%), blue-chip Dow Jones Industrial Average (+0.43%) and tech-heavy Nasdaq Composite (+1.67%) all making up lost ground.  Asian stocks were […]

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Novum Digital Asset Alpha – Daily Analysis 24 July 2020 (8-Minute Read)

Novum Digital Asset Alpha – Daily Analysis 24 July 2020 (8-Minute Read)

It’s finally Friday! And I hope that you’re looking forward to the weekend! Because the markets could sure use a break.  In brief (TL:DR) U.S. stocks were all down, with the S&P 500 (-1.23%), blue-chip Dow Jones Industrial Average (-1.31%) and tech-heavy Nasdaq Composite (-2.29%) all down sharply, with tech stocks in particular taking a beating on fears of over-valuation.  Asian stocks were […]

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Novum Digital Asset Alpha – Daily Analysis 23 July 2020 (7-Minute Read)

Novum Digital Asset Alpha – Daily Analysis 23 July 2020 (7-Minute Read)

Welcome to Wednesday and I hope your midweek is finding you well!  In brief (TL:DR) U.S. stocks were up, with the S&P 500 (+0.57%), blue-chip Dow Jones Industrial Average (+0.62%) and tech-heavy Nasdaq Composite (+0.24%) all in the green, on the back of positive news on the hunt for a coronavirus vaccine that could help economic activity resume without a consequent rise in infections.  […]

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Novum Digital Asset Alpha – Daily Analysis 22 July 2020 (6-Minute Read)

Novum Digital Asset Alpha – Daily Analysis 22 July 2020 (6-Minute Read)

Welcome to Wednesday and I hope your midweek is finding you well!  In brief (TL:DR) U.S. stocks opened the week mixed, with the S&P 500 (+0.17%) and blue-chip Dow Jones Industrial Average (+0.60%) barely in the green, while the tech-heavy Nasdaq Composite (-0.81%) saw a slight pullback on concerns over overvalued tech stocks   Asian stocks were mostly down on increased caution that a stimulus […]

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Novum Digital Asset Alpha – Daily Analysis 21 July 2020 (8-Minute Read)

Novum Digital Asset Alpha – Daily Analysis 21 July 2020 (8-Minute Read)

I hope you had a great weekend and are getting the week off to a great start.  In brief (TL:DR) U.S. stocks opened higher this week, with the S&P 500 (+0.84%) and tech-heavy Nasdaq Composite (+2.51%) higher, while the blue-chip Dow Jones Industrial Average (+0.03%) was just barely in the green, weighed down by laggards in specific industry sectors such as airlines […]

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Novum Digital Asset Alpha – Daily Analysis 20 July 2020 (8-Minute Read)

Novum Digital Asset Alpha – Daily Analysis 20 July 2020 (8-Minute Read)

I hope you had a great weekend and are getting the week off to a great start.  In brief (TL:DR) U.S. stocks ended last week up, with the S&P 500 (+0.28%) and tech-heavy Nasdaq Composite (+0.28%) marginally higher while the blue-chip Dow Jones Industrial Average (-0.23%) edged down slightly.  Unconvincing performance in U.S. stocks last week and choppy futures saw Asian markets […]

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