Opinion – Thursday 8 February 2024

U.S. Equity Markets continued the 2024 upside to see the S&P 500 futures breach above 5000 while the cash index failed to rise above the level, but it did test the psychological level. The majority of sectors were green but the heavyweight sectors, Tech, Consumer...

Opinion – Wednesday 7 February 2024

U.S. Equity Markets were choppy and mixed on Tuesday with the macro focus on the further plunge in New York Community Bancorp (NYCB) shares, stoking banking/CRE fears and weighing on the regional banks more broadly. Treasury Secretary Yellen was in the Senate, where...

Opinion – Tuesday 6 February 2024

U.S. Stocks were lower on Monday but recovered gradually, albeit significantly, from the lows earlier in the session that were seen as part of the broader hawkish reaction to the hot ISM Services. In stocks, Caterpillar (CAT) was firmer despite mixed results and...

Opinion – Thursday 1 February 2024

U.S. Equity Markets were sold throughout the session with underperformance in the NASDAQ after disappointing Microsoft and Google earnings while a dismal NYCB report saw the stock, KRE, and Russell 2000 Index tumble, igniting some fears on the regional banking sector,...

Opinion – Wednesday 31 January 2024

U.S Equity Markets were choppy on Tuesday with the S&P 500 closing little changed. However both the Nasdaq 100 and Russell 2000 closed lower. Futures Markets are lower after the close following weaker than expected earnings from both Microsoft and Google. U.S....

Opinion – Tuesday 30 January 2024

Both U.S. Equity Markets and Treasuries were firmer on Monday in a quiet US session, with the Russell 2000 and Nasdaq 100 outperforming the S&P 500 – gains accelerated in late trade after the Treasury financing estimates for the quarter ahead were reduced....