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...

Opinion – Tuesday 21 February 2023

With U.S. Markets closed for the Presidents’ Day Holiday, trading elsewhere was extremely quiet. Although European Markets closed mixed, the FTSE did close at a new all-time high at 8020. In Asia, The Bank of Japan is expected to tighten monetary policy as soon as...

Opinion – Monday 20 February 2023

U.S. Equity Markets closed mixed following a volatile trading session. Although the NASDAQ 100 closed lower, the Dow ended Friday with a gain of 0.39%. President Joe Biden said he expects to speak with Chinese President Xi Jinping soon in an attempt to ease rising...

Opinion – Friday 17 February 2023

U.S. Markets sold off aggressively into the close led by the NASDAQ which ended yesterday’s session with a loss of 2%. 10-Year Treasury Yields rising to 3.86% did not help. PPI was released rising 6% year over year versus +5.4% expected.  The late equity sell-off saw...