Opinion – Wednesday 21 February 2024

U.S. Equity Markets closed lower Tuesday with Nvidia (NVDA) sold ahead of its earnings on Wednesday, although shares and Indices did pare significantly into the close. There is a growing consensus that the Company needs to print a massive beat to keep the momentum...

Opinion – Tuesday 20 February 2024

With onshore traded Chinese stocks closed last week for the Lunar New Year holiday, expectations were high that Mondays reopen would push domestic markets sharply higher if only to catch up with offshore proxies in Hong Kong and in the US, where the Nasdaq China...

Opinion – Monday 19 February 2024

U.S. Equity Markets closed lower on Friday with a hot PPI weighing on both stocks and bonds with underperformance in the rate-sensitive Russell 2000 amid rising yields, a sharp reversal in Super Micro (SMCI) shares after its recent rally, as well as downside in the...

Opinion – Thursday 15 February 2024

U.S Equity Markets and Treasuries traversed higher throughout Wednesday’s session aside from a knock in stocks around the cash equity open. The post-CPI extremes had pared somewhat although T-Notes remained well below pre-CPI levels and E-Mini S&P futures...

Opinion – Wednesday 14 February 2024

Both U.S. Equity and Bond Markets saw heavy losses while the Dollar ripped on Tuesday after the hot US CPI report for January saw a large pullback in Fed easing expectations. The greatest selling pressure in the Indices was in the small caps Russell 2000, where many...

Opinion – Tuesday 13 February 2024

U.S. Equity Markets were mixed Monday in choppy, Superbowl-thinned trade ahead of the January CPI report this afternoon. The major Indices initially rallied in the New York morning with Bitcoin surging towards USD 50,000 and NYCB extending its Friday recovery....

Opinion – Monday 12 February 2024

The S&P 500 Index climbed to new all-time highs above 5,000 on Friday with the bull ride continuing in lack of an obvious catalyst, gains were even more pronounced in the NASDAQ 100 and Russell 2000, while Bitcoin also surged. However, it is noteworthy that the...

Opinion – Thursday 8 February 2024

U.S. Equity Markets continued the 2024 upside to see the S&P 500 futures breach above 5000 while the cash index failed to rise above the level, but it did test the psychological level. The majority of sectors were green but the heavyweight sectors, Tech, Consumer...

Opinion – Wednesday 7 February 2024

U.S. Equity Markets were choppy and mixed on Tuesday with the macro focus on the further plunge in New York Community Bancorp (NYCB) shares, stoking banking/CRE fears and weighing on the regional banks more broadly. Treasury Secretary Yellen was in the Senate, where...

Opinion – Tuesday 6 February 2024

U.S. Stocks were lower on Monday but recovered gradually, albeit significantly, from the lows earlier in the session that were seen as part of the broader hawkish reaction to the hot ISM Services. In stocks, Caterpillar (CAT) was firmer despite mixed results and...

Opinion – Thursday 1 February 2024

U.S. Equity Markets were sold throughout the session with underperformance in the NASDAQ after disappointing Microsoft and Google earnings while a dismal NYCB report saw the stock, KRE, and Russell 2000 Index tumble, igniting some fears on the regional banking sector,...

Opinion – Wednesday 31 January 2024

U.S Equity Markets were choppy on Tuesday with the S&P 500 closing little changed. However both the Nasdaq 100 and Russell 2000 closed lower. Futures Markets are lower after the close following weaker than expected earnings from both Microsoft and Google. U.S....

Opinion – Tuesday 30 January 2024

Both U.S. Equity Markets and Treasuries were firmer on Monday in a quiet US session, with the Russell 2000 and Nasdaq 100 outperforming the S&P 500 – gains accelerated in late trade after the Treasury financing estimates for the quarter ahead were reduced....

Opinion – Monday 29 January 2024

U.S. Equity Markets were relatively flat on Friday aside from the NASDAQ 100 which saw notable underperformance due to tech weakness after weak earnings reports from INTC, KLAC and FICO. The Treasury curve bear flattened after the PCE report, which on the face of it...