Opinion – Wednesday 8 November 2023

U.S. Equity Markets closed higher for the seventh consecutive trading session, led by the 1% gain in the NASDAQ 100. Lower Treasury Yields and a crushed Oil helped the NASDAQ to again outperform the broader market. The last Federal Reserve meeting of 2023 is set for...

Opinion – Tuesday 7 November 2023

Despite a 1% fall in the Bank Index, U.S. Equity Markets closed higher on Monday, led again by the NASDAQ 100. The NDX ended the session with a small gain of 0.37% while the VIX closed flat following a quiet start to the week. One notable exception was the eight-basis...

Opinion – Monday 6 November 2023

U.S. Equity Markets closed higher Friday for the fifth consecutive trading session following the below forecast Non-Farm Payrolls report, reducing Fed tightening expectations. Payrolls in October totalled 150K, 30K less than expected while notably the two prior months...

Opinion – Thursday 2 November 2023

Disappointing ADP Employment data and Manufacturing ISM missing expectations saw both the Treasury Market and Equity Markets rally into the Fed announcement. Helping the 19-Basis point fall in 10-year Treasuries was the news from the Treasury Department announcing a...

Opinion – Wednesday 1 November 2023

Despite a choppy trading session, Equity Markets rallied in the last two hours, closing on the highs of the day. The S&P led Tuesday’s gains, closing higher by 0.65%. Stronger Economic data saw the Dollar reverse earlier loses, closing with a gain of 0.56%...

Opinion – Tuesday 31 October 2023

U.S. Equity Markets surged while Oil fell following the unwinding of the Geo-political risk premium which was put on ahead of the weekend. The Dow led Monday’s gains closing higher by over 500 points, for a 1.58% gain. This move higher saw the VIX crushed, closing...

Opinion – Monday 30 October 2023

U.S. Indexes sold off on Friday despite better earnings from both Intel and Amazon. However, it did limit the sell-off in the NASDAQ 100, which was the only Index to close higher on Friday. The Dow led the declines closing lower by over 1% for the second consecutive...

Opinion – Thursday 26 October 2023

Google Shares falling a huge 10% yesterday saw U.S. Equity Markets get hit hard on Wednesday. The NASDAQ 100 led the declines with a loss of 2.47%. This was the worst day for the NDX since February 21 when the NDX fell 2.51%. Treasury Yields rising 13 Basis points...

Opinion – Wednesday 25 October 2023

U.S. Equity Markets closed higher following another volatile session which saw plenty of two-way price action. Markets rose after U.S. PMIs came in higher than expected adding to the belief that America may be heading for a soft landing. However, weaker than expected...

Opinion – Tuesday 24 October 2023

U.S. Equity Markets closed lower for the fourth consecutive trading session following an extremely choppy market that witnessed plenty of two-way price action. Markets soared initially after Bond Guru Bill Ackman tweeted that he had covered his Bond short position....

Opinion – Monday 23 October 2023

Equity Markets sold off on Friday with the NASDAQ 100 leading the decline closing lower by 1.50%. Both the Dollar and Treasury Yields fell as the Geo-Political risk increased ahead of the weekend. Friday was an ugly session as the S&P closed below its 200 Day...

Opinion – Thursday 19 October 2023

Even though there was no material worsening of the situation in Israel, U.S Equity Markets got hit hard yesterday following Treasury Yields rising to a new 16-year high at 4.94%. A better than expected 20-year Treasury saw Yields have a small fall into the close....

Opinion – Wednesday 18 October 2023

Despite a much higher than expected Retail Sales number, U.S. Equity Markets reversed earlier losses to close flat on Tuesday following another volatile session. Retail Sales rose 0.7% sending Bond Yields higher with 10-Year Treasuries closing at 4.84%. Rite Aid (RAD)...

Opinion – Tuesday 17 October 2023

U.S. Equity Markets rose across the board on Monday as traders unwound the Geo-political Hedges taken on Friday. Despite higher Treasury Yields, the NASDAQ led yesterday’s gains closing higher by 1.18%. The move higher helped the VIX to reverse most of Friday’s spike,...