Opinion – Monday 27 November 2023

U.S. Equity Markets rallied for the fourth consecutive week. This is the longest winning streak since June. Both the Dow and Small Cap Russell 2000 led Friday’s gains on plunging economic data which is supporting the trend for more interest rate cuts. Meanwhile,...

Opinion – Thursday 23 November 2023

U.S. Equity Markets closed higher in a quiet Market ahead of today’s Thanksgiving Holiday. In a lacklustre session, the Dow led Wednesday’s gains, closing 0.53% higher. The main highlight from yesterday’s trading was the noticeable in Jobless Claims which printed 209K...

Opinion – Wednesday 22 November 2023

US Equity Markets closed lower with risk appetite subdued amid pre-Thanksgiving positioning and after soft data, while the FOMC minutes were stale and noted that the Fed is in a position to proceed carefully whilst stressing the need for restrictive policy for some...

Opinion Tuesday 21 November 2023

U.S. Equity Markets closed higher on Monday led by the big tech bias underscored by Microsoft’s (MSFT) recovery amid the fluid OpenAI situation, which dominated newsflow in an otherwise quiet session. Treasuries saw bull-flattening amid a well-received 20yr...

Opinion – Monday 20 November 2023

U.S Equity Markets were little changed, again, on Friday with the Indices continuing to lack direction after the rip higher on last Tuesday’s CPI. There was a degree of profit-taking into the cash open but that pared. Treasuries were mixed with bear-flattening...

Opinion – Thursday 16 November 2023

U.S. Equity Markets were choppy on Wednesday, closing off their best levels seen earlier in the session, but Indices still remain near their post-US CPI highs. There was a confluence of factors to digest, with another very soft inflation report seen via the US PPI...