Opinion – Thursday 4 July 2024

On the shortened holiday trading day, the S&P and Nasdaq 100 managed to close at record highs while Bond Yields and the U.S. Dollar tumbled. The primary drivers of price action were a slew of soft economic data. The highlight was the woeful ISM Services PMI which...

Opinion – Wednesday 3 July 2024

U.S. Equity Markets reversed earlier losses to close higher led by the NASDAQ which ended Tuesday with a 1% gain and a new closing all-time high, as all sectors, aside from Energy and Health, saw gains with Consumer Discretionary sitting atop of the pile, buoyed by...

Opinion – Tuesday 2 July 2024

U.S. Equity Markets closed higher yesterday, although the upside was predominantly led by large caps with Tech and Consumer Discretionary stocks outperforming while the majority of sectors were red with the most downside observed in Materials, Industrials, and Real...

Opinion – Monday 1 July 2024

U.S. Equity Markets saw plenty of two-way price action on Friday, which coincides with month and quarter-end but ultimately closed in the red. Brief upside was seen in wake of the US PCE data, which ultimately was in line with expectations across the board, but Core...

Opinion – Thursday 27 June 2024

U.S. Equity Markets ultimately finished the Wednesday session with slight gains as European weakness was offset once US trade got underway, while a last-minute market rally extended the equity gains. However, the breadth was weak with the majority of sectors in the...

Opinion – Wednesday 26 June 2024

U.S. Equity Markets closed mixed on Tuesday (SPX +0.4%, DJIA -0.8%) as the tech-heavy Nasdaq 100 (+1.3%) recouped some of its recent losses, as it was led higher by Nvidia (NVDA) (+6.8%) snapping its three-day losing streak. Small-cap Russell 2000 (-0.5%) saw losses...