Opinion – Wednesday 31 July 2024

U.S. Equity Markets closed mixed on Tuesday with underperformance in the NASDAQ with Tech and Consumer Discretionary sectors weighing while the Russell 2000 and Dow Jones outperformed. The S&P closed red with the tech downside hitting the index, while the equal...

Opinion – Tuesday 30 July 2024

U.S Equity Markets saw mild gains on Monday with outperformance in the NASDAQ as gains in Consumer Discretionary and Communication names, like AMZN, TSLA, META, GOOGL, supported the move higher. It appeared to be an unwind of the short NASDAQ/long RUSSELL 2000 trade...

Opinion – Monday 29 July 2024

U.S. Equity Markets finished the week in the green (SPX +1.1%, NDX +1%, RUT +1.7%, DJIA +1.6%), while Treasuries were bid across the curve despite initial two-way action on US PCE, but eventually saw strength in wake of US PCE. The data itself saw core slightly above...

Opinion – Thursday 25 July 2024

U.S. Equity Markets were slammed on Wednesday with both the S&P and NASDAQ 100 closing lower by 2.3% and 3.7%, respectively. The weakness was primarily observed in the large caps with Tech, Consumer Discretionary and Communication Services tumbling c. 4% with...

Opinion – Wednesday 24 July 2024

U.S Equity Markets closed mixed on Tuesday following a trading session that witnessed plenty of two-way price action. The NDX underperformed, seeing marginal losses after NXPI earnings disappointed, which weighed on semis. Both the S&P and Dow sold off, with a...

Opinion – Tuesday 23 July 2024

U.S. Equity Markets pared some of last week’s losses with gains led by the Nasdaq and Russell 2000, although gains were broad-based with the vast majority of sectors in the green while the equal-weight S&P also surged. The equity upside was largely led by...