Opinion – Friday 19 November 2021

U.S. Equity Markets finished yesterday’s session mixed as the Dow closed lower while the NDX closed at a new all-time high following a gain of 1.07%. 268,000 individuals filed Initial Jobless Claims in the week ending November 13, according to the U.S. Department of...

Opinion – Thursday 18 November 2021

U.S. Equity Markets finished yesterday’s session lower after a volatile trading day in which the VIX closed 5% higher. The Dow led the major Indexes lower closing with a loss of 0.58%. Housing market economic data was mixed, with Housing Starts missing estimates and...

Opinion – Wednesday 17 November 2021

U.S. Equity Markets finished yesterday’s session higher, led by the NASDAQ 100 which ended Tuesday with a gain of 0.75%. Federal Reserve Bank of Richmond President Thomas Barkin said the central bank remains patient regarding the inflation outlook, but won’t...

Opinion – Tuesday 16 November 2021

U.S. Equity Markets finished yesterday’s session mixed as Indexes fluctuated between ending positive or negative all afternoon. Overnight, President Joe Biden finally signed the Infrastructure Bill into law, but the White House’s budget proposal remains...

Opinion Monday 15 November 2021

After a volatile week, U.S. Equity Markets finished Friday’s session higher, led by NASDAQ 100 closing with a gain of 1.04%. As a result the VIX closed 8% lower at a price of 16.29. Friday saw a couple important economic data releases. JOLTS Job Openings showed that...

Opinion – Friday 12 November 2021

U.S. Equity Markets finished yesterday’s trading session mixed, as the Dow closed lower while both the S&P 500 and NASDAQ closed in positive territory. Earnings season unofficially wrapped up yesterday afternoon with Disney’s (DIS) quarterly report. This...

Opinion – Thursday 11 November 2021

U.S. Equity Markets finished the day lower, after a volatile trading session which saw the VIX closed higher by 6% at a price of 18.84. The NASDAQ 100 led the decline with a loss of 1.44%. CPI data for October was 6.2%, well above the estimate. This shows that...

Opinion – Wednesday 10 November 2021

U.S. Equity Markets finished the day slightly in the red, led by the NASDAQ 100’s 0.71% decline. Coming into yesterday, the S&P 500 had closed at an all-time high for eight straight days. That was the longest streak since 1997. So some profit-taking in stocks was...

Opinion – Tuesday 9 November 2021

U.S. Equity Markets finished the day higher, led by the Dow which again closed at a new all-time high after rising 0.29%. Markets rose after the House of Representatives passed the $1.2 trillion bipartisan infrastructure bill. This sent the bill to President Joe...

Opinion – Monday 8 November 2021

U.S. Equity Markets rose as the economy added more jobs than expected, finishing the day higher, led by Dow closing at a new all-time high with a gain of 0.58%. Strong jobs data pushed markets higher. The Bureau of Labour Statistics’ Nonfarm Payroll data for...

Opinion – Friday 5 November 2021

U.S. Equity Markets rose as Jobless Claims fell to a 19-month low, led by the 1.25% surge in the NASDAQ 100, as yet again the NDX and S&P closed at new all-time highs. Employment data was the big driver of the day. Weekly Jobless Claims fell again, beating...

Opinion – Thursday 4 November 2021

U.S. Equity Markets soared on the Federal Reserve’s policy decision, with all three main Indexes closing yet again at new all-time highs. Markets were on hold throughout most of the day as investors awaited the Federal Reserve’s policy decision. In the...

Opinion – Wednesday 3 November 2021

U.S. Equity Markets added to Monday’s gains, as all three Indexes closed at new all-time highs led by the Dow which closed 0.39% higher. Markets opened flat and rose throughout the day. Earnings season remains a tailwind for markets, with strong reports from DuPont de...

Opinion – Tuesday 2 November 2021

U.S. Equity Markets bounced around to start the month, trading in a narrow range ahead of tomorrow’s FOMC Meeting, as the NASDAQ 100 again led the gains, closing higher by 0.35%. Markets opened higher and held onto their gains throughout the day. In terms of economic...