Opinion – Wednesday 17 January 2024

U.S. Equity Markets closed lower on Tuesday with Tech the only sector in the black amid rising yields and recurring geopolitical risk. Fed’s Waller tapered expectations for a deep cutting cycle, giving his first set of public remarks since the end of November,...

Opinion – Tuesday 16 January 2024

Former U.S. President Trump was called the clear winner of the Iowa Republican Caucuses from very early on while Edison Research later announced that Trump has 51.1%, DeSantis has 21.2% and Haley has 19.0% with 95% of estimated Iowa caucus votes in. U.S. Equity...

Opinion – Monday 15 January 2024

U.S Equity Markets were choppy on Friday and ultimately little changed after gyrating between the Middle East conflict and soft U.S. PPI data, whilst Treasuries sustained big bull-steepening. The benchmark Equity Futures saw losses accumulate in the European morning,...

Opinion – Thursday 11 January 2024.

U.S Equity Markets closed higher on Wednesday with a lack of major news or data to go off ahead of this afternoon’s key CPI data. Tech was an outperforming sector with the NDX outperforming the SPX. All three main Indexes closed higher, led by the 0.69% gain in the...

Opinion – Wednesday 10 January 2023

Both the S&P 500 and NASDAQ 100 closed little changed on Tuesday after losses out of Europe faded through the New York morning with risk assets in a holding pattern amid macro catalysts on the light side ahead of CPI on Thursday and bank earnings on Friday. The...

Opinion – Tuesday 9 January 2024

U.S. Equity Markets surged on Monday with notable gains across major indices, particularly the Nasdaq 100 with strong outperformance in the Tech sector led by gains in Semiconductors, namely Nvidia (NVDA) after a slew of updates from the CES conference. AMD (AMD) also...

Opinion – Monday 8 January 2024

U.S. Equity Markets were little changed in choppy trade Friday as they digested the conflicting NFP and ISM Services reports and whipsawing Treasury Yields. Stock and bond futures had been selling off in the pre-market, accelerating amid the hawkish reaction to the...

Opinion – Thursday 4 January 2024

U.S. Equity Markets Stocks continued the downward New Year trend after the Santa Rally towards the end of 2023 with the downside led by the Russell 2000. Crude prices saw upside on Wednesday with Geopolitical concerns still rife with Iran warning of a severe response...

Opinion – Wednesday 3 January 2024

U.S. Equity Markets closed lower on Tuesday, with big tech leading the losses, exhibited by the equal-weight S&P 500 outperforming the market cap-weighted benchmark. There was not one singular reason for the stock weakness, with desks pointing to both fundamental...

Opinion – Tuesday 2 January 2024

U.S. Equity Markets closed lower on Friday despite a strong comeback in the last hour of trading. The NASDAQ 100 led the declines with a 0.43% fall following a volatile last trading session for 2023, which saw plenty of two-way price action. Despite the El...

Opinion – Thursday 28 December 2023

U.S Equity Markets have reversed all of last Wednesday’s one-day reversal, closing at new highs for the year. These moves higher saw both the Dollar and Treasury Yields crushed. Ten-Year Treasuries are now trading at 3.80%. Both Gold and Bitcoin have surged last week....

Opinion – Thursday 21 December 2023

U.S. Equity Markets ultimately sold off on Wednesday amid a large volume spike in the New York afternoon with the S&P 500 and the Russell 2000 catching up to the earlier big tech/NDX underperformance. The downside came in the absence of a fresh catalyst, with...

Opinion – Wednesday 20 December 2023

The Santa Rally continued on Tuesday but this time the Russell 2000 and equal-weighted S&P led the NDX and S&P 500, with the lower yield environment helping after the Bank of Japan stood pat. Treasuries (10yr yield -3bps at 3.93%) tracked JGBs firmer after...

Opinion – Tuesday 19 December 2023

U.S. Equities were firmer Monday with the NDX leading the S&P 500 higher gradually through the session. There was a lack of obvious catalysts, but perhaps legacy equity bear Mike Wilson (at Morgan Stanley) turning bullish on the market had an outsized effect in a...