Opinion – Thursday 11 December 2025

Premium

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...

Opinion – Wednesday 10 December 2025

Premium

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...

Opinion – Tuesday 9 December 2025

Premium

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...

Opinion – Monday 8 December 2025

Premium

U.S. Indices ultimately finished Friday’s session with an upward bias, with SPX, NDX and DJI closing green, but the Russell 2000 lagged and closed lower. Sectors were also mixed. Communication, Tech and Consumer Discretionary led the gains, while Utilities, Health...

Opinion – Monday 7 December 2015

Premium

The US Employment Report virtually matched expectations (NFP +211k, Unemployment steady at 5%) and effectively confirms a Fed lift-off in ten days time is a done deal. The report also revealed +35k of upward revisions to September and October while as expected average...