Opinion – Friday 10 June 2022

U.S. Equity Markets got slammed yesterday as the sell-off accelerated in the last two hours of trading. The NASDAQ 100 led the declines with a loss of 2.75% while the VIX exploded to the upside with a gain of 9%. It was an ugly session all round. The U.S. Department...

Opinion – Thursday 9 June 2022

U.S. Equity Markets reversed all of Tuesday’s gains to close lower, led by the 1.08% fall in the S&P. Incredibly, the VIX also closed lower by 0.25% at a price of 23.96. According to data from the U.S. Federal Reserve, April’s total Consumer Credit balance...

Opinion – Wednesday 8 June 2022

U.S. Equity Markets reversed afternoon losses to end the day higher, led by the 0.95% gain in the S&P. This positive environment saw the VIX closed lower by 4% at a price of 24.02. In a Senate testimony, U.S. Treasury Secretary Janet Yellen said she anticipates...

Opinion – Tuesday 7 June 2022

U.S. Equity Markets reversed some of Friday’s aggressive sell-off to start the week on a positive note, led by the 0.41% gain in the NASDAQ 100. Investors remained focused on some of the positive data that came out of Friday’s Jobs report. However, they remained...

Opinion – Friday 3 June 2022

U.S. Equity Markets finished the day higher after a dramatic reversal in the last three hours of trading. The NASDAQ 100 led the gains closing higher by 2.75%.  U.S. Federal Reserve Vice Chairwoman Lael Brainard said she believes it would be appropriate for the...

Opinion – Thursday 2 June 2022

U.S. Equity Markets closed lower yesterday, following a volatile first trading session for June. The S&P led the declines, closing lower by 0.75%. Many traders remain concerned about the pace of the U.S. Federal Reserve’s interest-rate hikes and the...

Opinion – Wednesday 1 June 2022

U.S. Equity Markets finished the month lower led by the 0.67% fall in the Dow in a trading session that witnessed plenty of two-way price action. Yesterday morning, Federal Reserve board member Christopher Waller voiced the Central Bank’s concerns about the...

Opinion – Tuesday 31 May 2022

U.S. Equity Markets finished the week on a strong note led by the Dow closing higher for the sixth consecutive trading session adding to my conviction that we put in a meaningful low on Friday May 21. The U.S. Bureau of Economic Analysis reported Personal Consumption...

Opinion – Friday 27 May 2022

U.S. Equity Markets surged higher yesterday, led by the 2.79% gain in the NASDAQ 100. This move higher helped the VIX to close lower by over 3% at a price of 27.50. The U.S. Commerce Department reported that the country’s economic contraction was worse than...

Opinion -Thursday 26 May 2022

Following another volatile trading session, U.S. Equity Markets reversed earlier losses to close higher on the day, led by the 1.48% rise in the NASDAQ 100. This move higher saw the VIX close lower by 3%. In Minutes released from the U.S. Federal Reserve’s...

Opinion – Wednesday 25 May 2022

Equity Markets closed mixed following another volatile trading session on Wall Street. Although, a late rally saw the Dow close higher, the NDX got hit hard falling by 2.2%. Late Monday, Snap (SNAP) lowered its second-quarter earnings and revenue outlook, saying it...

Opinion – Tuesday 24 May 2022

U.S. Equity Markets started the week on a positive note, following across the board buying, led by the Dow which ended yesterday with a 2% gain. Federal Reserve Bank of St. Louis Chairman James Bullard said he anticipates a potential rate cut as early as next year. He...

Opinion – Monday 23 May 2022

U.S. Equity Markets closed Friday mixed despite a huge rally in the last hour of trading. Over the past week, the market sell-off moved beyond technology stocks, as several key retailers reported a significant hit to profits due to supply-chain disruptions. This...

Opinion – Friday 20 May 2022

U.S. Equity Markets finished yesterday’s session lower as the seven week sell-off continues, Despite the weak close, the VIX also closed lower by 5.2% at a price of 29.35. The U.S. Department of Labour reported that another 218,000 individuals filed Initial Jobless...