Opinion – Monday 21 October 2024

U.S. Indices (SPX +0.4%, NDX +0.7%, RUT -0.2%, DJIA +0.1%) had an upward bias on Friday with sectors following. Communications was the clear outperformer and buoyed by a stellar Netflix (NFLX) (+11.1%) report. Energy, Consumer Staples, and Financials were the only...

Opinion – Thursday 17 October 2024

U.S. Equity Markets reversed Tuesday’s late sell-off to close in the green last night despite initial weakness at the open while the Russell 2000 led the gains and NASDAQ 100 again lagged. The majority of sectors were green with outperformance in Utilities, Financials...

Opinion – Wednesday 16 October 2024

U.S. Equity Markets primarily closed in the red on Tuesday with underperformance in the NASDAQ 100 while Russell 2000 outperformed, closing green. The Nasdaq weakness was led by weakness in the tech space which accelerated after weak guidance from ASML (ASML NA)....

Opinion – Tuesday 15 October 2024

U.S. Equity Markets closed a new all-time high on Monday with Tech supporting Indices higher and the NASDAQ 100 outperformance. The majority of sectors closed in the green although energy closed in the red on account of lower oil prices. The tech outperformance was...

Opinion – Monday 14 October 2024

U.S. Equity Markets closed a new all-time high on Friday led by the 1% gain in the Dow Jones, with all sectors aside from Consumer Discretionary in the green, as it was weighed on by Tesla (TSLA) (-8.8%) whose Robotaxi event disappointed investors. Financials sat atop...

Opinion – Thursday 10 September 2024

U.S. Equity Markets closed in the green on Wednesday with the Dow outperforming while the Russell 2000 lagged. Sectors were predominantly firmer with Health, Technology and Industrials leading; Financials also saw decent gains ahead of the start of earnings....