Opinion – Monday 13 March 2023

U.S. Equity Markets got slammed on Friday following the banking sector’s massive selloff after Silicon Valley Bank was shut down by regulators following the largest bank failure since 2008. This could point towards a larger issue at hand, as banks who have assets...

Opinion – Friday 10 March 2023

U.S. Equity Markets reversed earlier gains before having an aggressive sell-off into the close. The NASDAQ 100 led the declines closing lower by 1.80%. This was a nasty sell-off as the VIX ended yesterday’s session with a gain of 18% at a price of 22.61 Jobless Claims...

Opinion – Thursday 9 March 2023

U.S. Equity Markets closed mixed yesterday following a wild trading session that saw plenty of two-way price action. Although the Dow closed lower by 0.18%, lower Treasury Yields saw the NASDAQ 100 end yesterday’s session with a gain of 0.52%. The ADP released its...

Opinion – Wednesday 8 March 2023

U.S Equity Markets got hit hard yesterday after Fed Chairman Jerome Powell told the Senate Banking Committee that the central bank is prepared to re-accelerate the pace of interest rate hikes to further slow inflation growth. Powell also pointed out that stronger...

Opinion – Tuesday 7 March 2023

U.S. Equity Markets closed mixed after reversing earlier gains as the sell-off accelerated into the close. Although the Dow closed higher by 0.12%, the market was up nearly 1% at one stage while the small cap Russell 2000 ended Monday’s session with a loss of 1.48%....

Opinion – Monday 6 March 2023

U.S. Equity Markets surged on Friday led by the 2.04% gain in the NASDAQ 100. Bond Yields fell 11 Basis points setting the tone for Friday’s out of the box rally. This move higher saw the VIX get crushed, closing by lower by 5.62% at a price of 18.49. The Supply...

Opinion – Friday 3 March 2023

U.S. Equity Markets closed higher led by the 1.05% gain in the Dow. The across-the-board evening buying saw the VIX closed lower by 5% at a price of 19.59. Home Prices for February fell for the first time Y/Y since 2012, according to housing brokerage firm Redfin, not...

Opinion – Thursday 2 March 2023

U.S. Equity Markets closed mixed after another volatile session. Although, the Dow closed slightly positive, the NASDAQ got hit hard, closing lower by 0.86% after 10-year Treasuries hit 4%. The ISM PMI came in at 47.7, a minor improvement from January. However, it is...

Opinion – Wednesday 1 March 2023

Following a late sell-off, U.S. Equity Markets closed lower led by the 0.71% fall in the Dow. Despite the across the board sell-off, the VIX also closed lower by 1.20% at a price of 20.70. February Conference Board Consumer Confidence fell 4.2 points M/M with the...

Opinion – Tuesday 28 February 2023

U.S. Equity Markets eventually closed higher following a volatile trading session. The Dallas Fed Manufacturing Survey for February showed that factory activity declined for the first time since May 2020. The production index recorded a modest contraction in output,...

Opinion – Monday 27 February 2023

Friday saw a volatile trading session as Equity Markets sold off on the higher-than-expected PCE print. The NASDAQ 100 led the declines, closing lower by 1.73%. Surprisingly, despite Friday’s across the board sell-off, the VIX only closed higher by 2.51% at a price of...

Opinion – Friday 24 February 2023

U.S Equity Markets reversed earlier gains to close higher. The S&P again bounce off its 50 Day Moving Average while lower Bond Yields saw the NASDAQ 100 lead yesterday’s gains at +0.94%. This move higher saw the VIX close lower by 5% at a price of 21.14....

Opinion – Thursday 23 February 2023

U.S. Equity Markets closed mixed. While the Dow closed lower by a further 0.26% the small Cap Russell 2000 ended Wednesday with a gain of 0.38%. The quiet session saw the VIX close lower by 2.54% while internally the market was strong as reflected by the McClellan...

Opinion – Wednesday 22 February 2023

Equity Markets resumed trading after the long-weekend to be met by a barrage of selling. Higher Bond Yields saw the NASDAQ 100 lead the decline, closing lower by 2.41%. The across the board selling saw the VIX close higher by almost 15% at a price of 22.87. Retail...