| Friday's Headlines 1. US markets reverse losses following Trump's actions on China 2. Oil posts a 90% return for May 3. Best stock markets for May 4. Best stocks of the month 5. What to expect next week Markets Closed
Year-to-Date
 Image credit: sdbower/Getty Markets Today U.S. markets were poised for steep losses to end the week but turned higher following President Trump's announcement on measures the White House is taking on China, which it blames for a host of issues. Those include lying about the coronavirus and its containment, breaking its word on Hong Kong's autonomy, and taking aggressive postures to control the South China Sea. Investors were expecting the worst, namely a new round of tariffs or a restatement of older ones, and sanctions against Hong Kong, a key financial center.
Instead, Trump announced the following measures, which may have felt slightly harmless to market participants:
That news seemed palatable, and markets ended the month softly.
As we close out the trading month, global markets continued to climb out of their late March lows, with several countries, including Australia, posting strong returns. Capital markets continue to improve, and while the economic news around the world is still devastating, there are signs of improvement amid the rubble. Headlines:
 Image credit: Katelyn Mulcahy/Getty 2020 By the Numbers This year has been full of surprises, most of them not welcome. Since we are at the end of the month (Where did May go, by the way?) let's take stock of a few of the most astonishing statistics that have colored the year to date:
Any one of those is an enormous headline with huge consequences, and we've had them all, and more, in just three months.  Best Performing Markets Around the World April brought big market gains to the U.S. and China, but May was the month where many other global markets rebounded. Granted, most of them were still climbing out of bear markets, but markets like Australia posted a 14.7% gain as its mining and industrial sectors came back to life. Russian markets also posted strong gains behind oil's historic rebound. Latin American markets also rebounded in May, but that trend may not last as major economies like Brazil and Argentina are still mired in the health pandemic.  Top U.S. Stocks in May The S&P 500 rallied 4% in the month of May, but as we know, it's a market of stocks, and many outperformed the benchmark.
Demand for cell phones must be on the rise, because Albemarle (ALB) posted a 32% return as the minerals it mines for are for mobile device batteries. DISH Network (DISH) posted a 31% return on strong demand from the stay-at-home consumer, and Dollar Tree (DLTR), which has been one of the strongest stocks all year on recession concerns, continues to outperform the market as you would expect from a discount retailer.
As we've been noting, the rally in May has been pretty broad, lifting most sectors of the market. Financials and industrials joined the party in the past two weeks, but everything from oil stocks to airlines rallied this month. That, according to LPL Financial, has lifted more than 90% of the S&P 500 index components above their 50-day moving average. That's momentum. chart courtesy LPL Financial  What to Expect Next Week First, here's a look at how different asset classes have been performing:  Here's a list of economic events for the week ahead: Sunday, May 31:
Monday, June 1:
Tuesday, June 2:
Wednesday, June 3:
Thursday, June 4:
Friday, June 5:
U.S. Employment
Purchasing Manager's Indexes (PMI) Across the World
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(chart courtesy YCHARTS)  Shares of Arista are up by over 5% after analysts upgraded the networking company to a "Buy" rating. MarketAxess' shares rose by over 5% following a better than expected earnings report.  Shares of DXC fell by more than 13% amid the IT services company reporting a Q4 revenue loss and suspending its dividend. Beauty company Coty's stock price fell nearly 12.5% today. This follows Forbes removing Kylie Jenner from its list of billionaires due to an inflated sales volumes of Kylie Cosmetics, of which Coty owns a 51% stake.  Word of the Day CandlestickA candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period. It originated from Japanese rice merchants and traders to track market prices and daily momentum hundreds of years before becoming popularized in the United States. The wide part of the candlestick is called the "real body" and tells investors whether the closing price was higher or lower than the opening price (black/red if the stock closed lower, white/green if the stock closed higher).  image courtesy Underwood Archives/Getty Today in History May 29, 1946: With the stock market still euphoric over peace, the Dow Jones Industrial Average hits its immediate post-World War II high of 212.50, a level it will not surpass again until April 12, 1950—nearly four years of chronic doldrums. http://averages.dowjones.com
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Friday, May 29, 2020
Soft Landing
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