Opinion – Tuesday 10 October 2023

U.S. Equity Markets reversed earlier losses to close higher on Monday as traders try to gauge the impact of Hamas launching a major attack on Israel early Saturday morning. Hamas is an Islamic Group with close ties to Iran, which according to the Wall Street Journal...

Opinion – Monday 9 October 2023

Despite a much stronger than expected Non-Farm Payrolls Report on Friday, U.S. Equity Markets reversed earlier losses to close higher across the board. The NASDAQ 100 led the gains, closing higher by 1.70% while the VIX ended the session lower by 6% at a price 0f...

Opinion – Thursday 5 October 2023

The S&P had a nice bounce off yesterday morning’s 200 Day Moving Average (4201) test, rallying over 60 Handles to close higher at a price 0f 4263. This move higher saw the VIX close lower by over 6% while internally the market was strong as shown by the McClellan...

Opinion – Wednesday 4 October 2023

An alarming spike in JOLTS job openings saw U.S. Equity Markets and Treasury Bonds crushed yesterday as the recent sell-off accelerated into the close. The data was released as the first suspected intervention in USD/JPY in twelve months saw USD/YEN plunge 300 points...

Opinion – Tuesday 3 October 2023

U.S. Equity Markets ended Monday’s session mixed following another volatile trading session. Notable outperformance in Tech stocks offset losses across most of the other sectors. It was surprising that the NASDAQ outperformed given the surge in Bond Yields and the...

Opinion – Monday 2 October 2023

U.S. Equity Markets reversed earlier gains on Friday afternoon by closing lower across the board. The Dow led the losses, closing lower by 0.47% following a volatile last trading session for September. The late sell-off saw the VIX end Friday with a 1% gain at a price...

Opinion – Friday 29 September 2023

Lower Bond Yields and a weaker Dollar saw U.S. Equity Markets close higher although off their afternoon highs. The NASDAQ 100 led Thursday’s gains, closing higher by 0.64%. This move higher saw the VIX fall a further 5%, closing at a price of 17.84. Internally the...

Opinion – Thursday 28 September 2023

American Indexes closed flat yesterday following a volatile trading session that provided plenty of two-way price action. Just when it looked like the S&P would test the 4200 major support level the market recovered to close unchanged with a 50 Handle rally off...

Opinion – Wednesday 27 September 2023

Equity Markets continue to trade heavy driven by the Dollar making new 10-month highs and Bond Yields trading at levels not seen since 2007. The NASDAQ 100 led yesterday’s decline closing lower by 1.51%. The across-the board sell-off saw the VIX end Tuesday with a 12%...

Opinion – Tuesday 26 September 2023

U.S. Indexes had a nice reversal to the upside late yesterday. The NASDAQ 100 led the gains, closing higher by 0.46%. However, concerns that the U.S. Government will shut down next Monday see Futures Markets lower by 0.75% this morning. Following last week’s...

Opinion – Monday 25 September 2023

Worries that higher rates are slowing economic growth in America, saw U.S. Equity Markets close lower on Friday. Both the NASDAQ 100 and S&P had their worst trading weeks since March. Sales of existing homes declined in August to their lowest level since the...

Opinion – Friday 22 September 2023

Higher Bond Yields saw Equity Markets get hit hard yesterday. The NASDAQ 100 again led the declines, closing lower by 1.84%. This move lower saw the VIX end Thursday with a near 8% gain. The Federal Reserve decided to keep interest rates at their current levels but...

Opinion – Thursday 21 September 2023

The Federal Reserve maintained its current range between 5.25% and 5.5% following their latest two-day meeting. In their Statement the Fed said current interest rates were restrictive and that they are prepared to raise rates again if appropriate. Rates will remain...

Opinion – Wednesday 20 September 2023

Weaker than expected Housing Starts saw the U.S. Equity Markets close lower yesterday. A late comeback saw markets erase most of their afternoon sell-off helping the VIX to close unchanged. Brent crude approached $95 a barrel on Tuesday as investors eye the...