The week 13.07 – 17.07.2020

Surprising and sustained positive news last week caused cautious optimism. Prices continued to rise despite clear signs of an exaggerating in sentiment indicators. Stocks of companies related to the pandemic caused by Covid19 pulled the market higher. A notable imbalance formed in the ratio of growth stocks to value stocks. Growth stocks have not been favoured so much by investors and speculators for 19 years. This week’s chart offers a rare picture: ONE SIGNAL posted the biggest weekly loss of the year, while the S&P500, along with gold and oil, posted a weekly gain.