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U.S. Indices closed lower on Tuesday, in a choppy session, beginning in the US morning in futures after delayed US data. Recapping, the US November payrolls report headline came in at above expected, with the Unemployment Rate jumping to 4.6% from 4.4%, with some of...
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U.S. Indices closed lower on Monday with the Russell and NASDAQ lagging while sectors were predominantly firmer with Health Care, Utilities and Consumer Discretionary outperforming, but Tech, Energy and Communication lagged with tech still pressured after the ORCL and...
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U.S. Indices closed lower on Friday, paring some of the strength seen last week post-Fed. Pressure was largely observed since the opening bell, with the Nasdaq underperforming as Broadcom’s (AVGO, -11.4%) Q4 earnings showed its AI order backlog fell short of...
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Both U.S. Indices and Treasuries ended Wednesday with gains, while the Dollar was sold after a surprisingly dovish FOMC and Powell press conference (summary below). Briefly recapping, the Fed cut rates by 25bps to 3.5-3.75%, as expected, but in a dovish 9-3 vote split...
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U.S. Indices chopped on Tuesday as eyes turn to the FOMC on Wednesday but the Russell outperformed while Dow Jones lagged. Dow weakness ensued after JPM’s Lake gave some Q4 guidance – IB revenue up low-single digits, and markets revenue up low teens. This...
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U.S. Indices closed lower on Monday, with all sectors but Technology in the red. Communications and Consumer Discretionary were the worst performers, the former weighed by downside in Alphabet (GOOGL, -2.3%) and Netflix (NFLX, -3.4% due to an attractive all-cash PSKY...
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