Opinion – Tuesday 25 June 2024

In a day of quiet news flow, U.S. Equity Markets were mixed with clear divergence seen (SPX -0.2%, DJIA +0.8%) as the small-cap Russell 2000 (+0.6%) outperformed and the tech-heavy Nasdaq 100 (1.15%) notably lagged amid headwinds from AI-darling Nvidia (NVDA) (-6.5%)...

Opinion – Monday 24 June 2024

U.S. Equity Markets closed lower on Friday following a volatile trading session on Friday which was no surprise given it was Quadruple Witching Expiration for the June Futures and Options Contracts. Late Friday saw some notable chop into the closing bell, particularly...

Opinion – Thursday 20 June 2024

The cash U.S. Equity Markets were closed for the woke, virtue-signalling Juneteenth holiday, but that did not stop algos from gorging on the latest tech bubble, and sure enough, Nasdaq 100 futures extended their gains to an 8th consecutive day, following a strong run...

Opinion – Wednesday 19 June 2024

U.S. Equities closed on Tuesday following a late rally into the close led by (SPX +0.3%, NDX flat, DJIA +0.2%, RUT +0.2%) as SPX climbed to another record high with Nvidia topping Microsoft’s market cap. Sectors were largely in the green with Financials and Tech...

Opinion – Tuesday 18 June 2024

U.S. Equity Markets closed at new highs on Monday led by the S&P and NDX which closed with gains of 0.77% and 1.24% respectively while the Russell 2000 ended yesterday’s session with a gain of 0.8%.  Yet again we saw outperformance in the large-cap sectors of...

Opinion – Monday 17 June 2024

U.S Equity Markets closed mixed (SPX flat, NDX +0.4%) on Friday in broad risk-averse conditions with distinct underperformance in the small-cap Russell 2000 (-1.6%) as it continued on its sell-off from Thursday. Sectors were largely in the red, with only Tech and...