Opinion – Tuesday 7 March 2023

U.S. Equity Markets closed mixed after reversing earlier gains as the sell-off accelerated into the close. Although the Dow closed higher by 0.12%, the market was up nearly 1% at one stage while the small cap Russell 2000 ended Monday’s session with a loss of 1.48%....

Opinion – Monday 6 March 2023

U.S. Equity Markets surged on Friday led by the 2.04% gain in the NASDAQ 100. Bond Yields fell 11 Basis points setting the tone for Friday’s out of the box rally. This move higher saw the VIX get crushed, closing by lower by 5.62% at a price of 18.49. The Supply...

Opinion – Friday 3 March 2023

U.S. Equity Markets closed higher led by the 1.05% gain in the Dow. The across-the-board evening buying saw the VIX closed lower by 5% at a price of 19.59. Home Prices for February fell for the first time Y/Y since 2012, according to housing brokerage firm Redfin, not...

Opinion – Thursday 2 March 2023

U.S. Equity Markets closed mixed after another volatile session. Although, the Dow closed slightly positive, the NASDAQ got hit hard, closing lower by 0.86% after 10-year Treasuries hit 4%. The ISM PMI came in at 47.7, a minor improvement from January. However, it is...

Opinion – Wednesday 1 March 2023

Following a late sell-off, U.S. Equity Markets closed lower led by the 0.71% fall in the Dow. Despite the across the board sell-off, the VIX also closed lower by 1.20% at a price of 20.70. February Conference Board Consumer Confidence fell 4.2 points M/M with the...

Opinion – Tuesday 28 February 2023

U.S. Equity Markets eventually closed higher following a volatile trading session. The Dallas Fed Manufacturing Survey for February showed that factory activity declined for the first time since May 2020. The production index recorded a modest contraction in output,...