Opinion – Tuesday 26 September 2023

U.S. Indexes had a nice reversal to the upside late yesterday. The NASDAQ 100 led the gains, closing higher by 0.46%. However, concerns that the U.S. Government will shut down next Monday see Futures Markets lower by 0.75% this morning. Following last week’s...

Opinion – Monday 25 September 2023

Worries that higher rates are slowing economic growth in America, saw U.S. Equity Markets close lower on Friday. Both the NASDAQ 100 and S&P had their worst trading weeks since March. Sales of existing homes declined in August to their lowest level since the...

Opinion – Friday 22 September 2023

Higher Bond Yields saw Equity Markets get hit hard yesterday. The NASDAQ 100 again led the declines, closing lower by 1.84%. This move lower saw the VIX end Thursday with a near 8% gain. The Federal Reserve decided to keep interest rates at their current levels but...

Opinion – Thursday 21 September 2023

The Federal Reserve maintained its current range between 5.25% and 5.5% following their latest two-day meeting. In their Statement the Fed said current interest rates were restrictive and that they are prepared to raise rates again if appropriate. Rates will remain...

Opinion – Wednesday 20 September 2023

Weaker than expected Housing Starts saw the U.S. Equity Markets close lower yesterday. A late comeback saw markets erase most of their afternoon sell-off helping the VIX to close unchanged. Brent crude approached $95 a barrel on Tuesday as investors eye the...

Opinion – Tuesday 19 September 2023

U.S. Equity Markets closed flat following a quiet start to week. Investors are closely monitoring the Federal Reserve’s latest policy-setting meeting, where all indications are pointing towards another pause in rate hikes. The Fed had previously paused rate...