Opinion – Wednesday 29 May 2024

US stocks were mixed on return from the long weekend as participants digested several data releases including firm US Consumer Confidence metrics and with yields edging higher following soft US 2-year and 5-year auctions, while the latest Fed rhetoric failed to add...

Opinion – Tuesday 28 May 2024

Surging commodity prices are threatening to bring inflation back through a door that investors thought central banks had slammed shut. This is bringing yields higher, Commodities this year already erased much of 2023’s declines, perhaps the most obvious sign that the...

Opinion – Monday 27 May 2024

Equity Markets closed green on Friday with outperformance in the NASDAQ 100 with sectoral gains most seen in Communication and Tech names although most sectors closed green (ex health care) with broad-based gains (equal-weighted SPX +0.7%). Stocks generally were bid...

Opinion – Thursday 23 May 2024

US Equity Markets closed lower on Wednesday, with underperformance in the small-cap Russell 2000 as traders await the pivotal Nvidia earnings after-hours. However, better than expected earnings from Nvidia including announcing a 10/1 stock split has led to a new move...

Opinion – Wednesday 22 May 2024

US Indices were little changed on Tuesday (SPX +0.2%, NDX +0.1%, DJIA +0.2%, Russell -0.2%) with sectors mixed; Nvidia (NVDA) (+0.4%) saw marginal upside ahead of earnings of Wednesday. In FX, the Dollar Index was flat and within very tight ranges as both the Canadian...

Opinion – Tuesday 21 May 2024

Equity Markets have been choppy to start the week, albeit in very thin newsflow, as participants await the key risk events such as FOMC Minutes, Nvidia (NVDA) earnings, and UK inflation data tomorrow Wednesday followed by US PMIs on Thursday. U.S. Indices ended the...