Opinion – Wednesday 10 May 2023

Nervousness ahead of this afternoon’s CPI release saw U.S. Equity Markets close lower Tuesday. The small across the board sell-off saw the VIX close higher by 4.3% at a price of 17.71. The Federal Reserve reported tighter lending standards and a continued decline in...

Opinion – Tuesday 9 May 2023

U.S. Equity Markets closed mixed yesterday following a quiet trading session. All eyes are on tomorrow’s April inflation data with economists expecting continued moderation in price growth. This latest look at domestic price growth comes just a week after the Federal...

Opinion – Monday 8 May 2023

U.S. Equity Markets surged Friday after the April jobs report showed stronger than expected job gains with the unemployment rate falling to 3.4%. Wage growth grew 0.5% MOM, beating estimates. However, downward revisions for February and March job numbers did soften...

Opinion – Friday 5 May 2023

Equity Markets closed lower. The Dow again led the declines, closing lower by 0.86%. This move lower saw the VIX spike 9.55%. There seems to be no end to the U.S. Banking Crisis among regional banks, PacWest Bancorp (PACW) could be the next domino to fall. The bank is...

Opinion – Thursday 4 May 2023

U.S. Equity Markets closed lower after a volatile session. The Federal Reserve as expected raised interest rates by 25 basis points and signalled it will take a data dependent approach going forward. The Dow led yesterday’s declines, closing lower by 0.80% while the...

Opinion – Wednesday 3 May 2023

U.S. Equity Markets got hit hard yesterday following more worries that a number of Regional Banks may go under. The Dow led Tuesdays declines closing lower by 1.08% while the VIX surged closing higher by over 10% at a price of 17.78. Morgan Stanley (MS) is set to...