Opinion – Thursday 28 March 2024

Equity Markets were firmer on Wednesday thanks to a late session rip into the close with month-end selling not as large as expected, perhaps indicative of the bulk of it being in the rearview now ahead of the long weekend. There was no tier one data or major catalysts...

Opinion – Wednesday 27 March 2024

Equity Markets again closed lower yesterday following a second consecutive sell-off into the close. The late session sell-off, which saw sectors primarily in negative territory with only Health Care, Financials and Consumer Staples closing positive. Utilities, Energy...

Opinion – Tuesday 26 March 2024

U.S. Equity Markets closed red on Monday, although well off the morning lows. The Russell 2000 closed green on account of the Energy Sector outperformance with crude prices rising. Lows were seen in the Futures pre-market with tech downside leading on several key...

Opinion – Monday 25 March 2024

U.S. Equity Markets were choppy on Friday with a lack of tier 1 US data to go off, while question marks were raised on the state of the consumer on the back of poor reports from Nike (NKE) and Lululemon (LULU). Large cap tech was an outperformer, with Apple (AAPL)...

Opinion – Thursday 21 March 2024

U.S. Equity Markets rallied to new closing highs on Wednesday after the Fed reaffirmed its three rate cuts in 2024 projection, despite higher longer-term dots, and as Powell played down the hot January and February inflation data. The rate-sensitive sectors...

Opinion – Wednesday 20 March 2024

U.S. Equity Markets reversed earlier losses to close firmer on Tuesday after earlier, tech-led weakness reversed into the close. Nvidia (NVDA) managed to close 1% higher with some positive takeaways from its GTC event despite the lack of major surprises. Meanwhile,...