Opinion – Wednesday 24 May 2023

Lack of clarity on any debt deal saw the NADSDAQ 100 lead yesterday’s declines. The NDX ended Tuesday with a loss of 1.24%. The across-the-board sell-off saw the VIX end the day with a gain of 7.50% at a price of 18.63. President Joe Biden and House Speaker Kevin...

Opinion – Tuesday 23 May 2023

U.S. Equity Markets closed mixed after a quiet session as traders are forced to wait for the debt ceiling show to sort itself out. Following a moment of positivity surrounding a debt deal last week, sentiment quickly returned to uncertainty as congressional leaders...

Opinion – Monday 22 May 2023

U.S. Equity markets were higher earlier after House Speaker Kevin McCarthy said that he believes a deal on the federal debt limit may be agreed upon soon, even as early as this week. This is the most positive the Republican leader has been since negotiations started,...

Opinion – Friday 19 May 2023

U.S. Equity markets surged led again the big tech cap stocks. The NASDAQ 100 closed higher by a huge 1.84% while the VIX fell a further 5%, closing at a price of 16.05. President Joe Biden said that he was confident an agreement would be reached that would avoid a...

Opinion – Thursday 18 May 2023

U.S. Equity Markets surged yesterday as investors piled into the undervalued underlying market. This move higher saw the VIX get crushed, closing lower by 6.25% at a price of 16.87. A 5% rally in the Bank Index helped the Dow to lead yesterday’s gains, closing higher...

Opinion – Wednesday 17 May 2023

News that Home Depot had its worst revenue miss in 20 years saw the Dow close lower by 1%. This is the sixth down day for the Dow out of the last seven sessions. Meanwhile the NASDAQ 100 kept making new highs despite the rest of the market getting sold. House Speaker...