Opinion – Tuesday 14 May 2024

U.S. Equity Markets again closed flat on Monday as markets go ‘’on hold’’ ahead of this afternoon’s PPI and CPI data tomorrow. Equity futures ground higher in pre-market trade before selling off at the open with lows in stocks later seen in the US afternoon, seemingly...

Opinion – Monday 13 May 2024

U.S. Equity Markets closed mixed on Friday in a session that finally witnessed some two-way price action. Most Indices finished with mild gains but with choppy price actions amid headwinds from a plunge in the University of Michigan Consumer Sentiment and a rise in...

Opinion – Thursday 9 May 2024

U.S. Equity Markets closed mixed on Wednesday with the S&P 500 and the NASDAQ 100 little changed while the Dow was bid and Russell 2000 lower. Futures were hit in the pre-market however after some cautious earnings from Uber (UBER), soft Intel (INTC) guidance and...

Opinion – Wednesday 8 May 2024

U.S. Equity Markets were choppy on Tuesday with the Indices holding on to their recent strength with mixed performances under the surface. There were no major macro catalysts on Tuesday, with the softer Manheim used car vehicle index the data “highlight”,...

Opinion – Tuesday 7 May 2024

U.S Equity Markets rallied further on Monday with continued momentum from the soft NFP data on Friday that has increased the chances of the Fed being able to cut this year. The rate-sensitive small-caps saw outperformance, indicative of the appetite for duration,...

Opinion – Thursday 2 May 2024

Overall, a dovish reaction to the FOMC and Press Conference which saw the Fed leave rates on hold as expected but it also announced it is to taper its QT run-off to just USD 25 billion a month from USD 60 billion, slightly more dovish than the expected USD 30 billion....