Opinion – Friday 20 January 2023

U.S. Equity Markets closed lower led by the 1% fall in the NASDAQ 100. Markets had reversed earlier losses before traders hit the sell button in the last hour of trading. The Philly Fed Manufacturing posted better-than-expected figures as new orders and shipments both...

Opinion – Thursday 19 January 2023

U.S. Equity Markets reversed earlier gains to close lower across the board. The Dow led the declines with a loss of 1.81%. Markets rose initially after PPI reading for December showed a further decrease in costs, down 0.5% from the prior month. This marked the...

Opinion – Wednesday 18 January 2023

U.S. Markets closed mixed as the Dow closed lower by 1.14% while the NAADAQ continued its good run closing with a small gain of 0.14%. The VIX reversed most of Friday’s fall, closing higher by 5.5%. The New York Fed Empire Survey showed a big headline contraction for...

Opinion – Tuesday 17 January 2023

With U.S. Markets closed for the MLK Holiday, it is no surprise that we have seen little or no price action across most asset classes since my Daily Commentary went to post yesterday morning. Normal service should resume when the Cash Equity Markets open at 2.30 pm....

Opinion – Monday 16 January 2023

Markets closed higher on Friday following another dip that was aggressively bought in a trading session which had low volume. The NDX led the gains. Closing higher by 0.71% while the VIX fell a further 2.55% for a now 12-month low at a price of 18.35. Investors...

Opinion – Friday 13 January 2023

U.S. Equity Markets finished Thursday higher following a volatile trading session. The Small Cap Russell 2000 led the gains, closing higher by 1.74% on a day the VIX got crushed, falling 11% to close at a price of 18.83. Markets finished higher after an eventful...