Opinion – Thursday 9 February 2023

U.S. Equity Markets closed lower yesterday, led by the 1.83% fall in the NASDAQ 100. During his State of the Union speech to Congress Tuesday night, President Joe Biden called for new taxes on billionaires and to quadruple the excise tax on stock buybacks. Federal...

Opinion – Wednesday 8 February 2023

U.S. Equity Markets closed higher following a volatile trading session. Federal Reserve Chair Jerome Powell said that additional interest-rate increases will be needed to cool inflation and that peak rates may need to move higher if the strong jobs market persists....

Opinion – Tuesday 7 February 2023

U.S. Equity Markets closed lower led by the 1.40% fall in the Small Cap Russell 2000. This move lower saw the VIX close higher by 6% while the McClellan Oscillator also closed lower with a -21  print last night. Political tensions with China rose to start the week...

Opinion – Monday 6 February 2023

U.S. Markets closed lower on Friday, led by the 1.79% fall in the NASDAQ 100. The U.S. Bureau of Labour Statistics released January’s payroll data, which blew away expectations. Nonfarm payrolls added 517,000 and the Unemployment rate fell to a 53 year low at...

Opinion – Friday 3 February 2023

U.S. Equity Markets closed mixed despite the huge 3.56% rally in the NASDAQ 100 as the Dow closed lower by 0.11%. Even though the McClellan Oscillator closed higher at +202 last night, the VIX also rose, closing higher by 5% at a price of 18.73. Jobless Claims fell to...

Opinion – Tuesday 2 February 2023

U.S. Equity Markets closed higher across the board, led by 2% rally in the NASDAQ 100. This move higher saw the VIX get crushed falling 8%, to a new 12-month low at a price of 17.87. The Federal Reserve raised Interest Rates by 25 basis points to a target range of...