Opinion – Tuesday 25 April 2023

U.S Equity Markets closed mixed following another quiet trading session. Although the Dow closed higher by 0.20%, the NASDAQ 100 was weak as Bond Yields rose, closing lower by 0.24%. Federal Reserve Bank of Dallas President Lorie Logan and Fed Governor Michelle Bowman...

Opinion – Monday 24 April 2023

U.S. Equity Markets closed higher following the quietest trading week of the year-to-date. The NASDAQ 100 led Friday’s gains, closing higher by just 0.11%. The VIX got crushed, closing lower by 2.33% at a price of 16.77. U.S. Treasury Secretary Janet Yellen said that...

Opinion – Friday 21 April 2023

For anyone following my Platinum Service it made 275 points yesterday and is now ahead by 2218 points for April after closing March with a gain of 6168 points, while finishing February with a gain of 3164 points, after closing January with a gain of 4687 points, while...

Opinion – Thursday 20 April 2023

For the second consecutive trading session U.S. Equity Markets closed flat. I cannot remember the last time that this scenario played out. Despite the flat markets, the VIX made a new 2023 low, closing lower by 2.21% at a price of 16.46. The recent banking crisis has...

Opinion – Wednesday 19 April 2023

U.S Equity Markets closed basically flat following a quiet profitable trading session for my Platinum Service. The recent bank failures have left markets and investors scrambling for answers. They want to know if the recent turmoil in the banking sector a one-off...

Opinion – Tuesday 18 April 2023

For the second consecutive trading session Equity Markets reversed afternoon lows by staging a late rally to close on the highs of the day. This is what happens when the Fed added $120bn in bank reserves last week. The move higher saw the VIX fall a further 1%,...

Opinion – Monday 17 April 2023

Despite a late comeback U.S. Equity Markets closed lower across the board, led by the 0.42% fall in the Dow. Despite the equity fall, the VIX got slammed on Friday, closing 4% lower at a price of 17.07. This is the lowest close in the VIX since last December. The real...

Opinion – Friday 14 April 2023

U.S. Equity Markets ignored yesterday’s downside Key Day Reversal by rallying to new recovery high for the year-to-date. The NASDAQ 100 led Thursday’s gains, closing higher by over 2%. This move higher saw the VIX get crushed falling over 6% to sit at its lowest level...

Opinion – Thursday 13 April 2023

U.S. Equity markets reversed earlier optimism on a better-than-expected CPI print. All three main American Indexes closed lower led by the NASDAQ 100 which ended yesterday’s session with a loss of 0.89%. The U.S. economy has been developing cracks in its foundation...

Opinion – Thursday 12 April 2023

U.S. Equity Markets closed mixed yesterday following an extremely quiet session. While the Russell 2000 again closed higher, rising Bond Yields saw the NASDAQ 100 close with a loss of 0.67%. All eyes are on this afternoon’s CPI release. Since the start of 2022,...

Opinion – Tuesday 11 April 2023

U.S Equity Markets reversed earlier losses to again close higher. The Small Cap Russell 2000 led Monday’s gains, closing higher by 1%. Economic indicators are all pointing in the same direction. A touted recession indicator is now at its most dire level since 1980....

Opinion – Thursday 6 April 2023

Apart from the small rally in the Dow American Indexes closed lower across the board yesterday. The Russell 2000 again led the declines, closing lower by 1%. Fed President Loretta Mester said that inflation remains too high and that it could potentially take until...

Opinion – Wednesday 5 April 2023

U.S. Equity Markets finished lower as the ISM Manufacturing Purchasing Managers’ Index contracted for the fifth straight month. The Small Cap Russell 2000 led yesterday’s declines, closing lower by 1.81%. Inventories and prices entered contraction territory....

Opinion – Tuesday 4 April 2023

Despite the Bank Index closing lower yesterday, the Dow led Monday’s gains closing higher by 1% as this relentless liquidity rally continues without any meaningful pull back. Oil jumped 8% as OPEC announced an unexpected crude output cut that is expected to begin next...