Opinion – Tuesday 16 May 2023

The Dow broke a five-day losing streak to close higher by 0.14%. It was another session when nothing mattered. The Empire Fed Manufacturing Report missed by a factor of 10 coming in at -31.8%, showing a complete collapse in Orders. The S&P hit a low at 4110 on...

Opinion – Monday 15 May 2023

U.S Equity Markets closed basically unchanged after a late rally saw earlier losses mostly erased. Last week were the smallest range weeks in points terms in many months as any threatened sell-off is miraculously reversed into the Chicago Close. Federal Reserve...

Opinion – Friday 12 May 2023

The Dow closed lower for the eighth day out of the last nine trading sessions while the NDX again closed higher with a 0.31% gain led by Google which closed 4.32% higher. For the second consecutive day, American Indexes reversed some of their post inflation sell-off....

Opinion – Thursday 11 May 2023

A CPI print at 4.9% saw the NASDAQ end Wednesday’s session with a 1.11% gain after a volatile two-way trading session. The VIX got crushed again, closing lower by 4.36% at a price of 16.94. New York Federal Reserve President John Williams said that it would take time...

Opinion – Wednesday 10 May 2023

Nervousness ahead of this afternoon’s CPI release saw U.S. Equity Markets close lower Tuesday. The small across the board sell-off saw the VIX close higher by 4.3% at a price of 17.71. The Federal Reserve reported tighter lending standards and a continued decline in...

Opinion – Tuesday 9 May 2023

U.S. Equity Markets closed mixed yesterday following a quiet trading session. All eyes are on tomorrow’s April inflation data with economists expecting continued moderation in price growth. This latest look at domestic price growth comes just a week after the Federal...

Opinion – Monday 8 May 2023

U.S. Equity Markets surged Friday after the April jobs report showed stronger than expected job gains with the unemployment rate falling to 3.4%. Wage growth grew 0.5% MOM, beating estimates. However, downward revisions for February and March job numbers did soften...

Opinion – Friday 5 May 2023

Equity Markets closed lower. The Dow again led the declines, closing lower by 0.86%. This move lower saw the VIX spike 9.55%. There seems to be no end to the U.S. Banking Crisis among regional banks, PacWest Bancorp (PACW) could be the next domino to fall. The bank is...

Opinion – Thursday 4 May 2023

U.S. Equity Markets closed lower after a volatile session. The Federal Reserve as expected raised interest rates by 25 basis points and signalled it will take a data dependent approach going forward. The Dow led yesterday’s declines, closing lower by 0.80% while the...

Opinion – Wednesday 3 May 2023

U.S. Equity Markets got hit hard yesterday following more worries that a number of Regional Banks may go under. The Dow led Tuesdays declines closing lower by 1.08% while the VIX surged closing higher by over 10% at a price of 17.78. Morgan Stanley (MS) is set to...

Opinion – Tuesday 2 May 2023

U.S. Equity Markets surged on Friday as the S&P had its best day since January closing higher by 1.96%. Meanwhile better tech earnings saw the NASDAQ 100 end the day with a gain of 3%. After a volatile session yesterday Equity Markets closed mainly unchanged....

Opinion – Friday 28 April 2023

U.S. Equity Markets rebounded yesterday after Meta Platforms (META) reported first-quarter revenue and earnings that beat estimates as digital advertising revenue rebounded following three consecutive quarters of decline. The ‘year of efficiency’ is off to a good...

Opinion – Thursday 27 April 2023

U.S Equity Markets closed mixed following yesterday’s trading session that witnessed plenty of two-way price action. Although the Dow closed lower by 0.68% better earnings from Google and Microsoft saw the NASDAQ 100 end Wednesday with a gain of 0.64%. The Conference...

Opinion – Wednesday 26 April 2023

A 40% fall in First Republic Shares saw the U.S. Equity Markets get hit hard across the board. The Bank Index led yesterday’s declines, closing lower by 4%. Better earnings from both Microsoft and Google have helped Futures Markets to rally overnight. This is an...