Opinion – Thursday 25 July 2024

U.S. Equity Markets were slammed on Wednesday with both the S&P and NASDAQ 100 closing lower by 2.3% and 3.7%, respectively. The weakness was primarily observed in the large caps with Tech, Consumer Discretionary and Communication Services tumbling c. 4% with...

Opinion – Wednesday 24 July 2024

U.S Equity Markets closed mixed on Tuesday following a trading session that witnessed plenty of two-way price action. The NDX underperformed, seeing marginal losses after NXPI earnings disappointed, which weighed on semis. Both the S&P and Dow sold off, with a...

Opinion – Tuesday 23 July 2024

U.S. Equity Markets pared some of last week’s losses with gains led by the Nasdaq and Russell 2000, although gains were broad-based with the vast majority of sectors in the green while the equal-weight S&P also surged. The equity upside was largely led by...

Opinion – Monday 22 July 2024

The equity slide continued on Friday with a global IT outage sparked by a CrowdStrike (CRWD) update weighing on sentiment while President Biden’s re-election chances continue to dwindle. T-notes also continued to slide with the 10 Year yield matching...

Opinion – Thursday 18 July 2024

Apart from the Dow, U.S. Equity Markets tumbled on Wednesday with tech and semis leading the weakness on Bloomberg reports that the US warned allies of stricter trade rules in a China chip crackdown, while ASML (ASML NA) provided weak Q3 guidance. US Presidential...

Opinion – Wednesday 17 July 2024

U.S. Equity Markets saw broad-based gains on Tuesday (SPX +0.6%, DJIA +1.9%) although the Nasdaq 100 (flat) underperformed and was weighed on by Nvidia (-1.6%) weakness, while the Russell 2000 (+3.5%) continued its surge higher, which also saw the regional banking ETF...