Opinion – Wednesday 28 February 2024

U.S Equity Markets closed flat Tuesday in a choppy session with U.S. data largely ignored. Initial downside in the Indices in the NY morning was unwound later in the session, aided by Apple (AAPL) bouncing on reports it had abandoned its EV venture, shifting its...

Opinion – Tuesday 27 February 2024

The S&P 500 and Nasdaq 100 were little changed on Monday while the Russell 2000 saw gains in what was a quiet session from a catalyst perspective. Tech was mixed with the mega-cap names, including Nvidia (NVDA), generally struggling/flat-lining, specifically...

Opinion – Monday 26 February 2024

U.S. Equity Markets ultimately closed Friday mixed with choppy price action as Nvidia saw two-way swings before ultimately closing marginally in the green. Breadth however was decent with the equal weight S&P closing +0.4% with outperformance in the Dow Jones...

Opinion – Thursday 22 February 2024

U.S. Equity Markets were choppy on Wednesday with Nvidia (NVDA) down again ahead of its much-anticipated earnings release after hours with options market implying a c. 11% move. There was no US data again to digest with muted FX volume. However, Treasuries were sold...

Opinion – Wednesday 21 February 2024

U.S. Equity Markets closed lower Tuesday with Nvidia (NVDA) sold ahead of its earnings on Wednesday, although shares and Indices did pare significantly into the close. There is a growing consensus that the Company needs to print a massive beat to keep the momentum...

Opinion – Tuesday 20 February 2024

With onshore traded Chinese stocks closed last week for the Lunar New Year holiday, expectations were high that Mondays reopen would push domestic markets sharply higher if only to catch up with offshore proxies in Hong Kong and in the US, where the Nasdaq China...