United States : Weekly Excerpt February 15

Weekly summary from February 08 to 12

The U.S. equity market closed the week at new all-time highs. Investor confidence seems to be in the vaccination process and the upcoming government aid plan.

In Europe, the main financial markets closed the week on a positive note. The Eurostoxx is trading at 12-month highs and is very close to erasing the losses of 2020.

To consider / United States

The week on Wall Street will be only four trading days. Investors are beginning to consider whether inflation and a possible interest rate hike could be part of the game.

Following the madness that has been unleashed on Wall Street a few days ago with the price movements of GameStop's stock; Citadel's founder (Ken Griffin), Robinhood's CEO (Vladimir Tenev) and executives from Melvin Capital, are scheduled to testify in Congress before a House of Representatives panel. This could be the first of several investigations to look into the market volatility that caused stocks like GameStop's to rise exponentially.

74% of S&P 500 companies have reported fourth quarter 2020 results. For now, earnings reported have exceeded analysts' expectations by 18%. Investors will be looking ahead to another busy week of corporate results.