Opinion – Friday 9 June 2023

Despite Jobless Claims jumping to the highest level since 2021, U.S. Indexes closed higher. The NASDAQ 100 led Thursday’s gains closing higher by 1.27%. According to a recent filing, it has been revealed that cryptocurrency exchange Binance and its affiliated entities...

Opinion – Thursday 8 June 2023

Although the NSDAQ fell a hefty 1.75% yesterday the Dow helped by the GM news ended Wednesday with a gain of 0.27%. Despite the aggressive sell-off in the NDX, the VIX still closed lower at a price of 13.94. The Bank of Canada surprised markets with a 25 basis point...

Opinion – Wednesday 7 June 2023

U.S Equity Markets closed flat following an extremely quiet trading session. Apple’s annual Worldwide Developers Conference (“WWDC”) commenced with a keynote address on Monday, unveiling an array of updates across Apple’s device lineup. The highlight of...

Opinion – Tuesday 6 June 2023

The NASDAQ 100 made new highs for 2023 after Apple held its annual Worldwide Developer Conference. Investors were eagerly anticipating the event, where they hope to catch a glimpse of Apple’s highly anticipated and first-ever augmented reality/virtual reality...

Opinion – Friday 2 June 2023

An up day for American Indexes was not unexpected given the seasonality. What was unexpected was the VIX crush, falling 12.75% to sit at 2023 lows at a price of 15.85. The fall in the VIX is actually the lowest read since November 2021. Salesforce (CRM) reported...

Opinion – Thursday 1 June 2023

Despite Nvidia (NVDA), a leading chipmaker, briefly surpassed the $1 trillion market valuation mark on Wednesday, the NDX led yesterday’s across the board declines, closing lower by 0.70%. Nvidia has emerged as a frontrunner in the AI industry, exemplifying Wall...