Opinion – Wednesday 11 September 2024

U.S. Equity Markets While the NASDAQ 100 led Tuesday’s gains ahead of the Presidential debate, the Small Cap Russell ended the session with a loss of 0.9%. Markets rebounded from the initial Financial induced losses they saw in choppy trade. It was a day catalysed by...

Opinion – Tuesday 10 September 2024

U.S. Equity Markets were firmer to start the week (SPX +1.2%, NDX +1.3%, DJIA +1.2%, RUT +1.1%) in light newsflow amid a lack of tier 1 US data and Fed blackout ahead of the meeting next Wednesday. As such, all sectors, aside from Communication Services, saw gains...

Opinion – Monday 9 September 2024

Equity Markets closed lower on Friday, led by the 2.7% fall in the NASDAQ 100, weighed on by souring risk sentiment through the afternoon despite initial gains on the US jobs report, which failed to decisively guide towards the magnitude of the September FOMC rate...

Opinion – Thursday 29 August 2024

Equity Markets closed lower on Wednesday, but off troughs, with weakness led by the NASDAQ and semiconductor names ahead of Nvidia (NVDA) earnings after-hours. Also adding to the downside was the further slump in Super Micro (SMCI) after it delayed the release of its...

Opinion – Wednesday 28 August 2024

U.S. Equity Markets closed mixed on Tuesday following a trading session that witnessed of two-way price action. Both the S&P and NDX closed higher while the RUSSELL 2000 was the underperformer, closing lower by 0.7%, in a day of thin headline newsflow as...

Opinion – Tuesday 27 August 2024

U.S. Equity Markets closed lower on Monday with the overnight upside in futures pared once cash trade began. The losses were mixed, however, with the downside felt mostly in the NASDAQ with Tech, Consumer Discretionary and Health Care sectors underperforming, while...