The week 06.07 – 10.07.2020

A relatively quiet but positive week lies behind us. While investors are looking with one eye on the shut down and the cautious practical optimism of many entrepreneurs, they are trying to assess the news of a possible second wave of the Covid19 correctly. With the other eye, investors are watching the political events and the upcoming presidential election plus the uncertain re-election of the incumbent. Meanwhile, many investors, apparently unnerved by the uncertain environment and with the intention of securing the profits already made, are fleeing the international markets and parking their money in safe US harbors. Against this backdrop, the S&P500 rose by just under a percentage point, followed by gold and oil. The US T-Bond lost just under 10%, while ONE SIGNAL had another positive week with a plus of about 1.50%.