Opinion – Wednesday 6 December 2023

U.S. Equity Markets were choppy Tuesday with the S&P and NDX little changed whilst the Russell 2000 unwound some of its recent outperformance. The Indices hit their intraday peaks after the cash open, just on the heels of the dovish reaction seen in wake of the...

Opinion – Tuesday 5 December 2023

U.S. Equity Markets closed mixed on Monday with gains in the small caps (Russell 2000) offset by losses in the S&P and NDX. Most of the weakness occurred around the open with the Indices paring somewhat into the New York afternoon, with little new drivers or data...

Opinion – Monday 4 December 2023

Equity Markets were largely firmer on Friday although there was particular outperformance in the Russell 2000 with regional banks and cyclicals finding a particular bid. That was a result of the yield backdrop with the Treasury curve seeing massive bull-steepening (2s...

Opinion – Thursday 30 November 2023

U.S. Equity Markets and Treasury Bonds had seen upside throughout Wednesday’s European morning after cooler-than-expected inflation prints from German states and Spain, with the later released national German CPI also much cooler than forecast. US equity futures...

Opinion – Wednesday 29 November 2023

US Equity Markets saw plenty of choppy trading yesterday before finishing in positive territory. Gains were capped after fading the initial rally that was spurred by dovish comments from Fed’s Waller who talked up the potential for rate cuts next year whilst...

Opinion – Tuesday 28 November 2023

U.S. Equity Markets closed Monday with small losses following an ugly Home Sales Report and a dip back into contraction for manufacturing production. The theme of disappointing economic data saw Treasury Yields close nine basis points lower at 4.39%. No one really...