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...

Opinion – Tuesday 16 July 2024

US indices closed Monday with upside bias (SPX & NDX +0.3%, DJIA +0.4%) while the small-cap Russell 2000 (+1.9%) continued its outperformance, with the highlights being the failed Trump assassination attempt, which has ultimately boosted his election chances, and...

Opinion – Monday 15 July 2024

U.S. Equity Markets ended Friday firmer, with outperformance in the small-cap Russell 2000 (+1.1%) which closed out the week with strong gains, although the SPX and NDX saw weakness into the close to settle off best levels. In the wake of the US PPI report, which was...

Opinion – Thursday 11 July 2024

U.S. Equity Markets pushed to fresh record highs again on Wednesday with outperformance in Tech leading the gains. Semiconductors were buoyed by strong TSMC (TSM) sales numbers while Apple (AAPL) caught a bid on reports it is to boost its iPhone 16 shipments. Fed...

Opinion – Wednesday 10 July 2024

U.S. Equity Markets closed mixed on Tuesday. The S&P 500 again closed at a new all-time high while the small-cap Russell 2000 (-0.5%) was the underperformer. Sectors were mixed with Materials and Energy the laggards, as the former was weighed on by slight losses...

Opinion – Tuesday 9 July 2024

It was ultimately a rather uneventful session on Monday with the US highlight being mixed inflation expectations from the New York Fed SCE (see below). Meanwhile, over the weekend, a surprise French election result initially weighed on the Euro and EGBs, and in...