Opinion – Monday 13 January 2025

Stocks and bonds tumbled on Friday while the Dollar surged in response to the strong US jobs report which saw traders pare Fed rate cut bets. The NFP rose above all analyst expectations while the unemployment rate surprisingly slipped. Money markets started to unwind...

Opinion – Thursday 9 January 2025

U.S. Indices (SPX +0.2%, NDX flat, DJIA +0.3%, RUT -0.5%) were mixed on Wednesday, as were sectors, with the small-cap Russell 2000 the clear underperformer. Health and Consumer Staples were the relative outperformers, while Communication Services, Energy, and Health...

Opinion – Wednesday 8 January 2025

U.S. Indices saw broad-based weakness on Tuesday (SPX -1.1%, DJIA -0.4%, RUT -0.7%) with underperformance in the Nasdaq 100 (-1.8%) as macro moves were seen in wake of a hot US ISM Services and JOLTS report. Recapping the data, the latter rose above the top end of of...

Opinion – Tuesday 7 January 2024

U.S. Indices were predominantly green on Monday with the upside led by the NASDAQ 100. Large caps performed well while semis were bid, supported by commentary from Microsoft (MSFT) which is to spend USD 80 billion on AI data centres; attention now turns to CES this...

Opinion – Monday 6 January 2025

U.S. Indices saw strong gains on Friday with outperformance in the tech-heavy Nasdaq 100 (+1.7%) supported by gains in Nvidia (NVDA) (+4.5%) and Tesla (TSLA) (+8.3%). Newsflow was sparse to the end the week as participants continued to return from the holidays ahead...

Opinion – Thursday 2 January 2025

U.S. Indices (SPX, NDX, RUT, SPX) closed in the red on Tuesday which was the last trading session of 2024. However, internally the market was strong as shown by the McClellan Oscillator which improved from Monday’s -122 print to end the year at -62. This is the first...