Opinion – Monday 20 May 2024

U.S. Equity Markets finished rangebound on Friday in what turned out to be one of the quietest trading sessions of the year to date. We had no tier one economic releases and no major incremental newsflow which saw the S&P 500 traverse sideways throughout most of...

Opinion – Thursday 16 May 2024

The highlight of the day was the softer than expected US CPI report which saw markets back to fully pricing in two rate cuts this year, with the first move now fully discounted by September. Both Equity and Treasury Markets were instantly bid and despite some post...

Opinion – Wednesday 15 May 2024

Markets saw two-way action on Tuesday, as the initial broad-based hawkish reaction seen post-PPI (downside in Treasuries and stocks, upside in Dollar) swiftly pared as participants digested the details and awaited remarks from Fed Chair Powell, albeit he said little...

Opinion – Tuesday 14 May 2024

U.S. Equity Markets again closed flat on Monday as markets go ‘’on hold’’ ahead of this afternoon’s PPI and CPI data tomorrow. Equity futures ground higher in pre-market trade before selling off at the open with lows in stocks later seen in the US afternoon, seemingly...

Opinion – Monday 13 May 2024

U.S. Equity Markets closed mixed on Friday in a session that finally witnessed some two-way price action. Most Indices finished with mild gains but with choppy price actions amid headwinds from a plunge in the University of Michigan Consumer Sentiment and a rise in...

Opinion – Thursday 9 May 2024

U.S. Equity Markets closed mixed on Wednesday with the S&P 500 and the NASDAQ 100 little changed while the Dow was bid and Russell 2000 lower. Futures were hit in the pre-market however after some cautious earnings from Uber (UBER), soft Intel (INTC) guidance and...