S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.

Just How Valuable Is Business Golf to Businesses?

We have all heard the stories about golf and business, and how business golf can be the difference between success and failure for many business owners.We have all seen the successful business people on the golf course during the day, and wondered whether it is their success in business that puts them on the course, or their time on the course that contributes to their success!However, you probably also wonder just how much of those sayings and statistics are fact, and how much is an urban legend. The good news is, thanks to some very clever people at the Stanford Research Institute in the USA, it is now possible to put a real financial value to the game of golf.So How Much is Business Golf Worth?According to the researchers at Stanford (one of the most prominent colleges in the US), during 2005, golf contributed an astronomical $195 billion to the US economy, both directly and indirectly.That is made up of contributions from the golf industry itself, as well as salaries, wages and other indirect earnings related to golf. It does not, however, measure just how much business is done on the course, but it is a very good indicator of just how pivotal golf is to the US business economy!The Spin OffSince the astronomical figure that the researchers have come up with is only for earnings directly related to the golf industry, and since those figures are already over five years old, it is easy to see that the value of business golf is probably much, much higher than that!In fact, if every dollar spent on golf in the US leads to just a one dollar return (and that’s unlikely, given the size of the deals that go down on golf courses every day) then businesses in the US are doing business to the tune of nearly $200 billion on the course every year!Business Golf Is an InvestmentWhen you look at figures like this, it is easy to see that business golf is not simply something that gets you out of the office. It is a strategic, carefully planned investment in your business, and your company’s potential profits.If you approach business golf in that way, then it can be one of the most valuable marketing tools in your business arsenal. Simply asking yourself, before every invitation or game, what the return on your investment will be, in terms of networking, relationship building and potential deals, should be enough to determine whether each game is worth your time.Whatever your feeling about business golf, it’s very hard to deny that in the world’s largest economy, nearly $200 billion dollars is generated every year by the golf industry. It is entirely likely that many times that is generated every year by deals that come about as a result of business golf.It is clear, however, that business golf is here to stay, and that by making the most of the opportunities it presents, you too can boost your business, and your profits, and become a part of that huge, global money-spinning machine!

Nutritional Supplements – Are They Truly Necessary?

Find out if nutritional supplements are truly necessary for good health and whyNutritional supplements, vitamins and minerals taken to improve diet and health, are becoming more and more popular in today’s society. Many people, looking for some way to improve health and wellness, have turned to nutritional supplements for help. This trend has created an endless supply of nutritional supplements and brands advertising them in slightly different, supposedly better forms. Is it simply a useless fad? Or do people really need nutritional supplements to improve their health? The fact is that, due to eating habits, food quality, and other environmental factors in our society, nutritional deficiency is a reality that is difficult to avoid. Taking nutritional supplements is necessary to combat nutritional deficiency.Modern eating habits have created a need for Nutritional SupplementsEating habits have changed dramatically over the last century. Low in nutrients but extremely high in convenience, fast food has become a daily part of life for many people. Fresh foods are preferable, but not always easy to obtain or convenient to use. Even the healthiest individuals find it nearly impossible to get all the necessary vitamins and nutrients from dietary sources alone. Very few people actually consume the seven to ten servings of fruits and vegetables that they should a day. Nutritional supplements can fill in important gaps in a normal diet. The vitamins and minerals that they contain contribute to overall health and a strong immune system. Keep in mind, however, that nutritional supplements only supplement a diet, they do not replace it.Nutritional Supplements and the decreasing quality of foodAs eating habits have slowly become worse, so has the quality of the food itself. It is nearly impossible for the average person to obtain the proper amounts of vitamin and minerals from modern processed food that is packed full of sugar and fat. Even vegetables and fruits are of a lower standard. In 1992, the United Nations Earth Summit found that vegetables naturally containing vitamins and minerals like copper, potassium, boron, magnesium, and bioflavonoids contain dramatically less than they did fifty years ago. Such diminished levels of vitamins and minerals can be made up for through the use of nutritional supplements. Not doing so can lead to nutritional deficiency and a slew of completely avoidable health problems.Other environmental factors and Nutritional SupplementsUnfortunately, our society and culture produce other factors that can be damaging to health. These include high levels of stress and pollution. Both can weaken the immune system and make people vulnerable to sicknesses that could be combated if the body was stronger. Nutritional supplements help the body’s immune system continue functioning at peak levels of performance and thereby protect itself from the constant bombardment of disease that we all face.Taking nutritional supplements helps the body maintain a healthy, efficient immune system. This, in turn, protects the body from harmful effects and diseases brought on by factors like eating habits, food quality, and our stress filled environment.