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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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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...
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U.S. Indices trended higher throughout Wednesday’s session, but Futures were knocked on reports in the Information that Microsoft (MSFT) is lowering AI software quotas as multiple sales teams failed to hit quotas for AI product sales last year, which hit MSFT and...
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U.S. Indices closed the day in the green with outperformance in the NASDAQ, while Industrials, Tech and Communications outperformed. There were several developments on AI, with OpenAI declaring a “code red” for workers to shift focus to improve ChatGPT in...
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U.S. Indices ultimately finished the first session of December trading lower. The session was choppy with Equity F.utures sold overnight alongside caution in APAC trade in response to soft China PMIs. Pressure extended once Europe arrived, with the DAX lagging amid a...
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U.S. Indices closed firmer on Friday following a holiday shortened half-day session that witnessed little or no two-way price action. Earlier Futures Markets were halted by a CME ‘’Cooling Issue’’ glitch. The major averages have cleared their 50-Day Trendlines in this...
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U.S. Indices closed firmer on Wednesday heading into Thanksgiving with outperformance in the Russell and the Nasdaq, alongside broad-based gains. Technology was one of the clear outperformers, but Communications lagged with AI names trading higher after recent...
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U.S. Indices closed firmer on Tuesday, and while the tech-heavy Nasdaq 100 underperformed, it managed to pare all weakness initially seen, driven by NVIDIA, amid The Information reports that Meta is considering using Google’s TPUs in its data centres in 2027. NVIDIA...
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U.S. Indices closed sharply higher on Monday, with the S&P 500 reclaiming 6,700, posting broad-based gains, though the NASDAQ 100 outperformed as AI names clawed back some recent losses. Communications jumped 4%, led by Alphabet after more upbeat commentary on...
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U.S. Indices began Friday on the back foot and continued on the NVIDIA (NVDA) weakness seen on Thursday, but swiftly turned around, which was largely supported by a surprisingly dovish Williams. The New York Fed President said, in his view, the Fed can still cut rates...
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U.S. Indices saw heavy losses on Monday, with all sectors, aside from Communications and Utilities, in the red. There was no one specific catalyst for the risk-off trade to start the week, just further concerns regarding elevated valuations in the AI space, while the...
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U.S. Indices closed mixed following a volatile trading that witnessed plenty of two-way price action. Equity futures started the day in the red with a lot of weakness in the tech sector, once again following a soft handover from Asia into Europe, with European indices...
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