Opinion – Wednesday 28 August 2024

U.S. Equity Markets closed mixed on Tuesday following a trading session that witnessed of two-way price action. Both the S&P and NDX closed higher while the RUSSELL 2000 was the underperformer, closing lower by 0.7%, in a day of thin headline newsflow as...

Opinion – Tuesday 27 August 2024

U.S. Equity Markets closed lower on Monday with the overnight upside in futures pared once cash trade began. The losses were mixed, however, with the downside felt mostly in the NASDAQ with Tech, Consumer Discretionary and Health Care sectors underperforming, while...

Opinion – Monday 26 August 2024

U.S. Equity Markets rebounded strongly on Friday following Thursday’s aggressive sell-off. Lower rates saw the Russell 200 lead Friday’s gains, closing higher by 3.2%. The Treasury Market was firmer to end the week, while the Dollar saw weakness after Fed Chair Powell...

Opinion – Thursday 22 August 2024

U.S. Equity Markets saw strength on Wednesday (SPX +0.4%, NDX +0.6%, RUT +1.3%) in what was a day of choppy price action, as most sectors settled in the green with Consumer Discretionary and Materials outperforming and only Financials in the red. The Dollar Index was...

Opinion – Wednesday 21 August 2024

U.S. Equity Markets trimmed some gains seen on Monday, finishing the session marginally lower, in a day that saw few macro updates and tier 1 releases. Nonetheless, Fed’s Bowman (Voter) reiterated her past comments, as she repeated rate cuts are appropriate if...

Opinion – Tuesday 20 August 2024

U.S. Equity saw further gains to start the week, with the NASDAQ 100 (+1.3%) outperforming and buoyed by gains in Nvidia (+4.4%) in a day of very sparse newsflow and little-to-no data. Sectors are exclusively in the green, with large-cap Technology, Communication...