Opinion – Wednesday 2 September 2020

US Indices opened higher on strong economic data and vaccine optimism. The ISM Manufacturing Index hit a 19-month high in August based on strength in New Orders and Employment. On the vaccine front, AstraZeneca (AZN) and Oxford University launched a late-stage trial...

Opinion – Tuesday 1 September 2020

U.S Equity Markets opened higher after Food and Drug Administration Commissioner Stephen Hahn said he would be willing to fast-track approval of a COVID-19 vaccine before Phase III trials are complete if the rewards outweigh the risks. But former FDA commissioner...

Opinion – Monday 31 August 2020

The S&P closed at yet another all-time higher after the White House announced a deal with Abbott Laboratories (ABT) to purchase 150 million rapid-result COVID-19 tests to help contain the spread of the virus. The S&P has had only one down day so far in...

Opinion – Friday 28 August 2020

The S&P closed at yet another all-time high in a volatile trading session, Markets were flat in the early afternoon. Initial Jobless Claims fell from the week before and beat estimates but remained above 1 million. Continuing claims, which represent those that...

Opinion – Thursday 27 August 2020

Both the S&P 500 and NASDAQ reached another new intraday and closing high, following more signs the U.S Economy could be rebounding faster than anticipated. U.S. Durable-Goods Orders for July were much stronger than expected. The 11.2% gain more than doubled the...

Opinion – Wednesday 26 August 2020

U.S Equity Markets were choppy for most of yesterday’s trading session, before rallying in the last hour and close higher. Markets opened higher after the White House said it had discussed progress made under the Phase One trade deal with China and that both sides...