Opinion – Tuesday 22 July 2025

U.S. Indices were predominantly bid on Monday, with upside led by the NASDAQ thanks to gains in the heavyweight tech stocks, while the equal-weighted S&P (RSP) and Russell underperformed. Sectors were more mixed, with strong outperformance in communication and...

Opinion – Monday 21 July 2025

U.S. Indices were choppy on Friday, with early upside faded amid mixed sectoral performance. Utilities, Consumer Discretionary and Real Estate outperformed, while Energy, Healthcare and Communication lagged. The focus on Friday was largely on commentary from Fed...

Opinion – Thursday 17 July 2025

U.S. Indices chopped to a cool PPI and mixed messages about Fed Chair Powell’s future. Equities finished the day green with outperformance in the Russell after the prior day’s underperformance, while Nasdaq lagged after Tuesday’s outperformance....

Opinion – Wednesday 16 July 2025

U.S. Indices closed mixed as the focus of the day was largely on the June CPI report, which was mixed on the headline and core prints, initially sparking a dovish reaction. However, once the internals of the report were digested, like the 0.7% rise in core goods, it...

Opinion – Tuesday 15 July 2025

U.S. Indices closed with slight gains on Monday, with the upside seen predominantly in the US session, paring weakness overnight in response to Trump’s 30% tariff letter to the EU and Mexico. Sectors were mixed, with Communication and Financial stocks...

Opinion – Monday 14 July 2025

U.S. Indices closed in the red but well off the earlier lows, while T-notes were sold across the curve while the U.S. Dollar was strong. The focus continues to lie on Trump’s tariff letters, with the latest seeing a 35% tariff on Canada, while the EU letter is...