Opinion – Thursday 30 October 2025

U.S. Indexes, Treasuries, and Gold saw notable selling, while the U.S. Dollar soared in the wake of a very hawkish Powell at the Fed press conference. In the decision beforehand, it cut rates by 25 basis points, as expected, to 3.75-4%, albeit in a 10-2 decision....

Opinion – Wednesday 29 October 2025

U.S. Indexes closed at new all-time highs, led by all three American Indexes with NVIDIA largely responsible for the move as breadth across sectors was poor. NVIDIA’s (NVDA, +5%) gains came amid CEO Huang’s keynote address at GTC, where new lines of...

Opinion – Tuesday 28 October 2025

U.S. Indexes closed at new all-time highs, buoyed by the risk-on sentiment to start the week amid reports that the U.S. and China agreed on a framework for a trade deal ahead of the Trump/Xi meeting later this week. As a result, spot Gold was sold and fell beneath USD...

Opinion – Thursday 23 October 2025

U.S. Indexes closed in the red on Wednesday and saw some pressure in the US afternoon amid reports that the Trump administration is mulling export controls to China on goods made with or containing US software, although some of the move attempted to pare as digestion...

Opinion – Wednesday 22 October 2022

U.S. Indexes were mixed on Tuesday, with the S&P and NASDAQ 100 ultimately closing little changed in choppy trade, while the Dow Jones was strong while the Russell 2000 was again weak. Sectors were mixed amid a flurry of earnings. Consumer Discretionary and...

Opinion – Tuesday 21 October 2025

U.S. Indexes saw gains in risk-on trade amid very light newsflow to start the week amid the Fed blackout and lack of US data given the Government shutdown. On which, White House Economic adviser Hassett thinks the shutdown is likely to end sometime this week, but did...

Opinion – Monday 20 October 2025

U.S. Indexes closed higher on Friday with the S&P, NASDAQ 100 and Dow Jones all posting gains; however, the RUSSELL saw further pressure. The regional banking ETF had pared some of the prior day’s losses following woes at ZION and WAL, but regional bank...

Opinion – Thursday 16 October 2025

U.S. Indexes were bid into the US morning to peak just after the open before momentum turned with equities bottoming out after Europe left for the day. The trough was seen as Tech stocks took a hit, namely NVIDIA (NVDA), seemingly in response to a Reuters article that...

Opinion – Wednesday 15 October 2025

U.S. Indexes saw a gyration on Tuesday, as they were initially weighed on by continued heightened US/China tensions and mixed US bank earnings. Afterwards, Indices reversed through the majority of the US session, before once again falling near the close as Trump once...

Opinion – Tuesday 14 October 2025

U.S. Indexes rallied on Monday, paring some of the downside seen on Friday. U.S. President Trump announced China will face a 100% tariff from November 1st, late on Friday, but later suggested that everything will be “fine”. Treasury Secretary Bessent...

Opinion – Monday 13 October 2025

U.S. Indexes plummeted on Friday while havens rallied as US President Trump reignited trade concerns. In response to China’s rare earth export controls, Trump threatened massive tariffs on China, noting that other countermeasures are also under consideration. He...

Opinion – Thursday 9 October 2025

U.S. Indexes closed higher on Wednesday with upside led by the NASDAQ as tech stocks, namely NVDA, outperformed while the Dow lagged. Progress on the government shutdown was lacking, but there was some optimism in France regarding political instability and optimism on...

Opinion – Wednesday 8 October 2025

U.S. Indexes closed lower on Tuesday, with weakness seen in the wake of reports in the Information that internal data shows the financial challenge of renting out NVIDIA (NVDA) chips and its impact on margins. This hit the large-cap tech sectors and weighed on Indices...

Opinion – Tuesday 7 October 2025

U.S. Indexes closed primarily green with outperformance in the NASDAQ on Monday thanks to the rally in AMD shares. AMD has signed a deal with OpenAI, with OpenAI to deploy 6 gigawatts of AMD GPUs based on a multi-year agreement. Sectors were predominantly firmer, with...