Opinion – Thursday 26 September 2024

U.S. Equity Markets closed mixed but with a downside bias. The Russell 2000 underperformed while the NASDAQ 100 closed marginally green but both the S&P and Dow reversed earlier gains to close lower. Sectors were predominantly red with Energy, Health Care and...

Opinion – Wednesday 25 September 2024

U.S. Equity Markets closed higher on Tuesday led by the 0.5% gain in the NASDAQ 100. Markets managed to reverse the dismal US consumer confidence-induced downside, which also saw Treasuries reverse their initial risk-on losses and spurred the Dollar selling for the...

Opinion – Tuesday 24 September 2024

Equity futures were choppy but ultimately closed with marginal gains in the S&P, NASDAQ 100 and Dow Jones, although the Russell 2000 again finished in the red. Sectors closed predominantly with gains but Health Care, Communication and Tech saw mild losses, while...

Opinion – Monday 23 September 2024

Both Equity and Bond Markets were choppy on Quadruple Witching Friday but ultimately closed mixed with the Dow outperforming, printing another record closing high while the S&P and NASDAQ 100 finished slightly red, but the Russell 2000 plummeted. Sectors were...

Opinion – Thursday 19 September 2024

Both Equity and Bond Markets were choppy in response to the FOMC Statement. The 50bp rate cut and dot plots implying a further 50bp of cuts in 2024 sparked a typical dovish reaction with stocks, bonds and gold rallying while the Dollar was slammed. However, assets...

Opinion – Wednesday 18 September 2024

U.S. Equity Markets closed more-or-less flat on Tuesday with the small-cap Russell 2000 (+0.7%) outperforming, while the Dollar saw gains, to the detriment of G10 peers, after US Retail Sales headline M/M surpassed expectations. Treasuries are lower across the curve,...