Opinion – Monday 11 November 2024

U.S. Equity Markets were bid on Friday with the S&P 500 briefly rising above 6000 before paring into the closing bell. The NASDAQ 100 was the relative underperformer with Tech and communication among the lagging sectors, with only materials also closing in the...

Opinion – Thursday 7 November 2024

Stocks surged on Wednesday while the Dollar rallied and bonds plummeted, with bonds and the Dollar posting the largest intraday moves since the COVID-era in response to Trump’s victory in the US Presidential Election. The Trump proposals of tax cuts supported...

Opinion – Wednesday 6 November 2024

Tuesday was a risk-on-session on US election day with equities rallying with outperformance seen in the Russell 2000 while all sectors closed in the green. Consumer Discretionary alongside Industrials and Utilities led gains on the day, with Tech and Communications...

Opinion – Tuesday 5 November 2024

U.S. Equity Markets closed lower on Monday. Price action was primarily categorised as an unwind of the Trump Trade after weekend polls and betting markets showed Trump losing momentum vs Harris. Briefly recapping, a new Des Moines Register/Mediacom Iowa Poll showed...

Opinion – Monday 4 November 2024

U.S. Equity Markets (SPX +0.4%, NDX +0.7%, RUT +0.6%, DJIA +0.7%) closed in the green and were boosted by the soft U.S. Payrolls Report and also Amazon (AMZN) (+6.2%) earnings impressing, despite Apple (AAPL) (-1.3%) disappointing. Briefly recapping payrolls, the...

Opinion – Thursday 31 October 2024

U.S. Equity Markets ultimately closed in the red but the NASDAQ 100 was the clear laggard as weakness in semis post-AMD (AMD) earnings offset strong Google (GOOGL) earnings. Semis were also hit after Ernst & Young announced it sent a letter of resignation to...