Opinion – Thursday 24 October 2024

U.S. Equity Markets closed lower on Wednesday (SPX -0.9%, RUT -0.8%, DJIA -1%) with the tech-heavy NASDAQ 100 (-1.6%) lagging as it was weighed on by weakness in mega-cap names Apple (AAPL) (-2.2%) and Nvidia (NVDA) (-2.8%). AAPL was weighed on by cautious analyst...

Opinion – Wednesday 23 October 2024

U.S. Equity Markets were choppy on Tuesday, albeit settling with upside bias (SPX flat, NDX +0.1%, DJIA flat) but underperformance was in the small-cap Russell 2000 (-0.4%). Sectors were also mixed amid a deluge of earnings with Industrials and Materials the laggards,...

Opinion – Tuesday 22 October 2024

U.S. Equity Markets ultimately closed mixed on Monday with outperformance in the NASDAQ 100, the only Index to close green in the US thanks to strength in Technology. Tech was the only sector to close green, with all others lower with Real Estate and Health Care...

Opinion – Monday 21 October 2024

U.S. Indices (SPX +0.4%, NDX +0.7%, RUT -0.2%, DJIA +0.1%) had an upward bias on Friday with sectors following. Communications was the clear outperformer and buoyed by a stellar Netflix (NFLX) (+11.1%) report. Energy, Consumer Staples, and Financials were the only...

Opinion – Thursday 17 October 2024

U.S. Equity Markets reversed Tuesday’s late sell-off to close in the green last night despite initial weakness at the open while the Russell 2000 led the gains and NASDAQ 100 again lagged. The majority of sectors were green with outperformance in Utilities, Financials...

Opinion – Wednesday 16 October 2024

U.S. Equity Markets primarily closed in the red on Tuesday with underperformance in the NASDAQ 100 while Russell 2000 outperformed, closing green. The Nasdaq weakness was led by weakness in the tech space which accelerated after weak guidance from ASML (ASML NA)....