Opinion – Thursday 12 February 2026

U.S. Indices largely saw two-way trade on Wednesday. The focus point was on the NFP report, which overall was very strong in January, with the headline smashing expectations, unemployment rate ticking down, and wages ticking up. The initial reaction was upside in...

Opinion – Wednesday 11 February 2026

U.S. Indices were broadly lower on Tuesday, albeit in contained ranges, as participants await the US jobs report on Wednesday, followed by CPI on Friday. Data on Tuesday was largely subdued, as Retail Sales disappointed, and the weekly ADP only saw 6.5k jobs added per...

Opinion – Tuesday 10 February 2026

U.S. Indices continued to gain on Monday, with tech once again leading the upside, with semis largely outperforming. Nvidia (NVDA) shares rallied, seemingly continuing to benefit from the hiked CapEx plans announced alongside earnings from AMZN, META and GOOGL. The...

Opinion – Monday 9 February 2026

U.S. Indices surged on Friday, recouping some of the recent losses. Upside came despite the weakness in Amazon (AMZN) shares after the company ramped up its FY26 CapEx view. Gains were led by Tech and Industrials, with semiconductors surging, which are largely seen as...

Opinion – Thursday 5 February 2026

U.S. Indices were lower on Wednesday, primarily due to losses in AI-related names, namely semiconductors, software, memory and robotics. That said, breadth was very strong highlighted by the Equal-Weight RSP, +0.9%. Energy, Materials, and Staples, the best three...

Opinion – Wednesday 4 February 2026

US Indices were hit hard on Tuesday, albeit settling off troughs, as weakness in mega-cap names (NVDA, AVGO, META, MSFT, AMZN) weighed on the tech-heavy NASDAQ 100, which unsurprisingly saw Tech as the clear sectoral laggard. Communications and Discretionary were the...