Opinion – Wednesday 20 November 2024

U.S. Equity Markets ended Tuesday with gains, in what was a choppy day across markets, as sentiment swung between the European and U.S. sessions. In the European morning, there was a notable risk-off trade amid heightened geopolitical tensions as Russia’s Kremlin said...

Opinion – Thursday 14 November 2024

US Indices ultimately closed mixed with marginal upside with little changes in SPX, NDX and DJIA while the Russell 2000 underperformed. The majority of sectors closed in the green with Consumer Discretionary and Energy outperforming but Communication and Technology...

Opinion – Wednesday 13 November 2024

US Indices were lower on Tuesday, with the small-cap Russell 2000 (-1.8%) lagging and giving back some of its recent strength post-US election. However, the same cannot be said for the FX space, as the Dollar Index soared to its highest level since May to the...

Opinion – Tuesday 12 November 2024

Monday was a quiet session to start the week on account of the Veteran’s Day holiday with no Fed speakers or US data released. The direction of trade, however, was largely a function of the Trump Trade with Republicans looking increasingly likely to take the...

Opinion – Monday 11 November 2024

U.S. Equity Markets were bid on Friday with the S&P 500 briefly rising above 6000 before paring into the closing bell. The NASDAQ 100 was the relative underperformer with Tech and communication among the lagging sectors, with only materials also closing in the...

Opinion – Thursday 7 November 2024

Stocks surged on Wednesday while the Dollar rallied and bonds plummeted, with bonds and the Dollar posting the largest intraday moves since the COVID-era in response to Trump’s victory in the US Presidential Election. The Trump proposals of tax cuts supported...

Opinion – Wednesday 6 November 2024

Tuesday was a risk-on-session on US election day with equities rallying with outperformance seen in the Russell 2000 while all sectors closed in the green. Consumer Discretionary alongside Industrials and Utilities led gains on the day, with Tech and Communications...

Opinion – Tuesday 5 November 2024

U.S. Equity Markets closed lower on Monday. Price action was primarily categorised as an unwind of the Trump Trade after weekend polls and betting markets showed Trump losing momentum vs Harris. Briefly recapping, a new Des Moines Register/Mediacom Iowa Poll showed...

Opinion – Monday 4 November 2024

U.S. Equity Markets (SPX +0.4%, NDX +0.7%, RUT +0.6%, DJIA +0.7%) closed in the green and were boosted by the soft U.S. Payrolls Report and also Amazon (AMZN) (+6.2%) earnings impressing, despite Apple (AAPL) (-1.3%) disappointing. Briefly recapping payrolls, the...

Opinion – Thursday 31 October 2024

U.S. Equity Markets ultimately closed in the red but the NASDAQ 100 was the clear laggard as weakness in semis post-AMD (AMD) earnings offset strong Google (GOOGL) earnings. Semis were also hit after Ernst & Young announced it sent a letter of resignation to...

Opinion – Wednesday 30 October 2024

U.S. Equity Markets ultimately closed Tuesday mixed with notable outperformance in the NASDAQ ahead of key earnings, while the heavyweights printed notable gains (ex-TSLA) while Broadcom (AVGO) rallied on reports that the Company is developing an AI inference chip...

Opinion – Tuesday 29 October 2024

U.S. Equity Markets ultimately closed primarily in the green on Monday although the NASDAQ 100 gave up early gains as Tech sold off. The only sectors to close in the red were Tech and Energy, with the latter weighed on by tumbling crude prices in the aftermath of...

Opinion – Monday 28 October 2024

U.S. Equity Markets ultimately finished Friday mixed with the S&P, Dow and Russell 2000 giving up their strong start to the day while the NASDAQ outperformed, albeit still closed off highs. The NDX was buoyed by the tech sector with semis performing well after a...

Opinion – Thursday 24 October 2024

U.S. Equity Markets closed lower on Wednesday (SPX -0.9%, RUT -0.8%, DJIA -1%) with the tech-heavy NASDAQ 100 (-1.6%) lagging as it was weighed on by weakness in mega-cap names Apple (AAPL) (-2.2%) and Nvidia (NVDA) (-2.8%). AAPL was weighed on by cautious analyst...