Opinion – Friday 2 June 2023

An up day for American Indexes was not unexpected given the seasonality. What was unexpected was the VIX crush, falling 12.75% to sit at 2023 lows at a price of 15.85. The fall in the VIX is actually the lowest read since November 2021. Salesforce (CRM) reported...

Opinion – Thursday 1 June 2023

Despite Nvidia (NVDA), a leading chipmaker, briefly surpassed the $1 trillion market valuation mark on Wednesday, the NDX led yesterday’s across the board declines, closing lower by 0.70%. Nvidia has emerged as a frontrunner in the AI industry, exemplifying Wall...

Opinion – Wednesday 31 May 2023

U.S Equity Markets closed mixed, well off intra-day highs after a volatile two-way trading session. Despite the mixed finish, the VIX closed lower by 2.73% at a price of 17.46. Meanwhile Bond Yields slumped across the curve. Democratic President Joe Biden and top...

Opinion – Tuesday 30 May 2023

Despite Costco (COST) posting lower-than-expected quarterly earnings all three American Indexes surged on Friday, led by the 2.58% gain in the NASDAQ 100. The NDX has now rallied over 5% since NVIDIA released its earnings after the close on Wednesday evening. Costco...

Opinion – Friday 26 May 2023

Technology Shares surged yesterday following the release of earnings from NVIDIA. The NASDAQ ended Thursday with a gain of 2.5%. This move higher saw the VIX close lower by 4.50% at a price of 19.14. Nvidia (NVDA) has issued a strong projection for its second-quarter...

Opinion – Thursday 25 May 2023

Following a wild trading session, U.S. Equity Markets closed lower across-the board with the Dow leading the move, closing lower by 0.77%. However, Futures markets have soared in after hours following the results from Nvidia. During a conference at the Richmond Fed,...