Opinion – Wednesday 1 February 2023

U.S. Equity Markets closed higher yesterday led by the 2.45% gain in the Russell 2000. This move higher saw the VIX close lower by 2.71% The Employment Cost Index for the fourth quarter showed cooler-than-expected wage growth, fuelling hopes that wage inflation has...

Opinion – Tuesday 31 January 2023

U.S. Equity Markets closed lower following a volatile trading session that saw the VIX surge nearly 8%. The NASDAQ 100 led the declines, closing lower by 2.09%. Monday’s economic landscape was rather sparse, but investors look forward to the week’s macro...

Opinion – Monday 30 January 2023

U.S. Equity Markets closed higher after another volatile trading session. The NDX 100 again led the gains, closing higher by 1%. The primary driver of stock market activity was Friday’s economic data. The BEA numbers for income, spending, and inflation all pointed to...

Opinion – Friday 27 January 2023

U.S. Equity Markets closed at new highs for the year after another volatile session. The NDX led the gains, closing higher by 2% helping the VIX to get crushed. Fourth Quarter GDP data showed economic growth eased compared with the third quarter of 2022, while Jobless...

Opinion – Tuesday 24 January 2023

U.S. Equity Markets closed higher following a volatile trading session. The NASDAQ 100 again led the rally, closing with a gain of 2.18%. Investors were increasingly optimistic that the Federal Reserve is closer to the end of the rate-hike cycle. Governor Christopher...

Opinion – Monday 23 January 2023

U.S. Equity Markets surged on Friday, led by the 2.86% rise in the NASDAQ 100. The VIX fell 3.25% as a result, closing at a price of 19.85. December Existing Home Sales fell 15% month over month to 4.02 million, posting the biggest monthly decline since 2008 and the...

Opinion – Friday 20 January 2023

U.S. Equity Markets closed lower led by the 1% fall in the NASDAQ 100. Markets had reversed earlier losses before traders hit the sell button in the last hour of trading. The Philly Fed Manufacturing posted better-than-expected figures as new orders and shipments both...

Opinion – Thursday 19 January 2023

U.S. Equity Markets reversed earlier gains to close lower across the board. The Dow led the declines with a loss of 1.81%. Markets rose initially after PPI reading for December showed a further decrease in costs, down 0.5% from the prior month. This marked the...

Opinion – Wednesday 18 January 2023

U.S. Markets closed mixed as the Dow closed lower by 1.14% while the NAADAQ continued its good run closing with a small gain of 0.14%. The VIX reversed most of Friday’s fall, closing higher by 5.5%. The New York Fed Empire Survey showed a big headline contraction for...

Opinion – Tuesday 17 January 2023

With U.S. Markets closed for the MLK Holiday, it is no surprise that we have seen little or no price action across most asset classes since my Daily Commentary went to post yesterday morning. Normal service should resume when the Cash Equity Markets open at 2.30 pm....

Opinion – Monday 16 January 2023

Markets closed higher on Friday following another dip that was aggressively bought in a trading session which had low volume. The NDX led the gains. Closing higher by 0.71% while the VIX fell a further 2.55% for a now 12-month low at a price of 18.35. Investors...

Opinion – Friday 13 January 2023

U.S. Equity Markets finished Thursday higher following a volatile trading session. The Small Cap Russell 2000 led the gains, closing higher by 1.74% on a day the VIX got crushed, falling 11% to close at a price of 18.83. Markets finished higher after an eventful...

Opinion – Thursday 12 March 2023

U.S. Equity Markets surged Wednesday led again by the 1.76% gain in the NASDAQ 100. Despite the across the board gain the VIX also closed higher by 2.5%. Markets finished higher after an uneventful session that lacked major macroeconomic catalysts. Fed speak remained...

Opinion – Wednesday 11 January 2023

U.S. Equity Markets finished Tuesday higher after a late rally led by the NASDAQ 100 which ended yesterday’s session with a gain of 0.88%. Markets finished higher after a fairly uneventful day that lacked major macroeconomic catalysts. Fed speak maintained its stance...