Opinion – Tuesday 13 October 2020

U.S Equity Markets closed higher for the fifth trading session out of the last six, led by the NASDAQ 100 which surged to close with a gain of 3.09%. Over the weekend, Republicans and Democrats voiced displeasure with the White House’s new $1.8 trillion...

Opinion – Monday 12 October 2020

U.S Equity Markets ended the week in positive territory on optimism surrounding stimulus negotiations. The White House said it remained open to negotiating a larger Stimulus Bill as Treasury Secretary Steven Mnuchin and Speaker of the House Nancy Pelosi (D-CA)...

Opinion – Friday 9 October 2020

U.S Equity Markets built on Wednesday’s gains by closing higher across the board in what turned out to be a quiet trading session. Jobless Claims rose from the prior week, coming in above estimates. While this indicates that the job market’s recovery may be...

Opinion – Thursday 8 October 2020

U.S Equity Markets reversed most of Tuesday’s late plunge after President Donald Trump proposed aid for individuals, small businesses, and airlines. This was in stark contrast to his comments from late Tuesday, where he had suspended further Coronavirus-stimulus...

Opinion – Wednesday 7 October 2020

U.S Equity Markets were mixed for most of the day, before selling off sharply into the close. The big driver today behind the selloff was a tweet from President Donald Trump, who said he has instructed his team not to negotiate a stimulus package until after the...

Opinion – Tuesday 6 October 2020

U.S Indices started the week on a positive note as Stimulus optimism boosted markets. President Donald Trump called on Congress to come together and pass additional Coronavirus-stimulus legislation, before he left hospital after a three- night stay for treatment and...

Opinion – Monday 5 October 2020

U.S Equity Markets reversed most of Friday’s early sell-off on Coronavirus fears after President Trump announced that he and First Lady Melania Trump had tested positive for COVID-19. After the market closed it was announced that the President would be taken to...

Opinion – Friday 2 October 2020

U.S Indices got October off to a positive start as traders wait for an announcement on progress with the Stimulus Bill. The NASDAQ led the market with a gain of over 1% while the Dow struggled after the Federal Reserve said it would maintain the current limit on big...

Opinion – Thursday 1 October 2020

U.S Equity Futures reversed earlier declines after it was announced that Nancy Pelosi and Treasury Secretary Steven Mnuchin are expected to have reached a potential stimulus agreement. The S&P rallied over 75 Handles off yesterday’s intra-morning low following...

Opinion – Wednesday 30 September 2020

U.S Markets were mixed after I posted yesterday morning before falling. Yesterday, House Democrats unveiled a $2.2 trillion coronavirus Stimulus Bill. There was a flurry of speeches from Federal Reserve Presidents last night. Dallas Fed President Robert Kaplan said...

Opinion – Tuesday 29 September 2020

U.S Indices had a strong start to the week, following the lead from European Markets which  surged after Italy and France both reported slowdowns in the number of daily Coronavirus infections as the French Health Minister rejected the idea of new economic lockdown...

Opinion – Monday 28 September 2020

U.S. Equity Markets ended the week on a positive note, finishing the week higher, with the $&P 500 + 1.60%, the Dow +1.34% and the NASDAQ +2.34% after a volatile trading session. Markets opened lower before rallying throughout the day. There were no clear-cut...

Opinion – Friday 25 September 2020

U.S Equity Markets fell at the open as the S&P 500 entered a “correction” (10% below highs) in early afternoon trading. Initial Jobless Claims rose and missed expectations, sparking fears that the job market’s recovery was stalling. But markets...

Opinion – Thursday 24 September 2020

Initially, U.S Equity Markets rose following the Democrats passing a Continuing Resolution to keep the government funded through December 11 after reaching an agreement with the White House on spending measures. Vaccine developments also made headlines. Johnson &...