Opinion – Friday 18 September 2020

U.S Equity Markets fell sharply yesterday before turning around and cutting losses in half by the close. Speaker of the House Nancy Pelosi rejected calls for a new vote on a smaller Stimulus Bill, dashing hopes that the two sides could reach a quick compromise. Weekly...

Opinion – Thursday 17 September 2020

U.S Equity markets rose ahead of the FOMC Statement helped by positive economic data. Retail sales rose, but missed estimates. While the data fell short of expectations, it continued a trend of increased spending. Homebuilder Sentiment hit a fresh all-time high, as...

Opinion – Wednesday 16 September 2020

Both the S&P and NASDAQ closed higher following the release of strong economic data. The Empire State Manufacturing Index for September, which measures changes in Business Activity, had a reading of 17 versus the expectation for 6.9 and the prior month’s...

Opinion – Tuesday 15 September 2020

Global Equity Markets rose on positive vaccine news. Pfizer and BioNTech proposed boosting the size of their Coronavirus vaccine trial from 30,000 to 44,000, increasing scope and diversity, as they remain on track to submit data by late October. And Pfizer’s CEO...

Opinion – Monday 14 September 2020

U.S Indices closed last week mixed after a volatile trading session. Markets opened higher in the morning before seeing plenty of two-way price action for the rest of the day. Tech led the early gains behind strong earnings reports from Oracle and Peloton. The...

Opinion – Friday 11 September 2020

U.S Indices closed lower after a volatile trading session. Markets bounced around before selling off in the last two hours of trading. Weekly Jobless claims missed estimates and were even weaker than last week, while Continuing Claims unexpectedly rose. This sparked...