Opinion – Friday 22 October 2021

U.S. Equity Markets rallied again, led by the S&P 500 which closed at a new all-time high with a gain of 0.30%. However, after the close Futures Markets sold off following an earnings miss from Intel. Jobs data was the big headline of the day. In the week ending...

Opinion – Thursday 21 October 2021

U.S. Equity Markets continued their weekly rally, finishing the day higher, led by the Dow which made a new all-time high, before closing with a gain of 0.43%. Markets surged at the open and held onto their gains for the rest of the day. On Tuesda night, President Joe...

Opinion – Wednesday 20 October 2021

U.S. Equity Markets spent another day in the green, finishing the day higher, led by the S&P 500 which closed higher by 0.74%, helping the VIX to fall by 4%. Markets opened higher and held onto the gains for the rest of the day. In terms of economic data, Housing...

Opinion – Tuesday 19 October 2021

U.S. Equity Markets rebounded strongly from the early afternoon lows, finishing the day higher, led by the NASDAQ 100 which closed higher by 1.02%. Markets opened sharply lower as Senator Joe Manchin (D-WV) reiterated his opposition to the size of the White...

Opinion – Monday 18 October 2021

U.S. Equity Markets rose to end a strong week, led by the Dow which closed above 35000 with a gain of 1.09%. Markets opened higher, and held onto their gains for the rest of the day. Economic data was mixed. On the one hand, Retail Sales data rose surprisingly in...

Opinion – Friday 14 October 2021

U.S. Equity Markets trended higher as U.S. weekly Jobless Claims fell below 300,000, finishing the day higher, led by the S&P having its best trading session in seven months with a gain of 1.71%. Weekly Jobless Claims fell below 300,000 for the first time since...

Opinion – Thursday 14 October 2021

U.S. Equity Markets rose as the Federal Reserve teased plans for asset purchase tapering, finishing the day higher led by the NASDAQ 100 which closed higher by 0.77%. Inflation data was the big driver of the afternoon. The Consumer Price Index (“CPI”) rose...

Opinion – Wednesday 13 October 2021

U.S. Equity Markets were little changed throughout much of yesterday, before again selling off into the close, led by the Dow finishing lower by 0.34%. Markets opened slightly lower on a quiet day, before bouncing around for the rest of the day. Federal Reserve...

Opinion – Tuesday 12 October 2021

U.S. Equity Markets rose in the morning before selling off into the close, finishing the day lower, led by Dow closing with a loss of 0.72%. Markets rose in the early afternoon on positive headlines about COVID-19 treatments. Merck (MRK) officially filed for an...

Opinion – Monday 11 October 2021

U.S. Equity Markets were choppy to end the week, finishing Friday’s session lower, led by the NASDAQ 100 which finished with a loss of 0.51%. Jobs data was the big story of the day. The Bureau of Labour Statistics’ Non-Farm Payroll data for September showed...

Opinion – Friday 8 October 2021

U.S. Equity Markets continued their rally on a debt ceiling deal, ending yesterday’s session higher, led by the Dow with a gain of 0.98%. Congress announced that it had reached a deal to suspend the debt ceiling until December, which would provide the government with...

Opinion – Thursday 7 October 2021

U.S. Equity Markets rallied strongly off their lows on reports of a debt ceiling deal, finishing the day higher, led by the NASDAQ 100’s gain of 0.63%. Markets opened sharply lower again. This was despite strong ADP employment data. The ADP employment data came in...

Opinion – Wednesday 6 October 2021

U.S. Equity Markets rebounded from Monday’s sell-off, finishing yesterday’s session higher, led by the 1.40% gain in the NASDAQ 100. Senate Majority Leader Chuck Schumer (D-NY) said Democrats do not need Republican help to suspend the debt-ceiling limit. He is...

Opinion – Tuesday 5 October 2021

U.S. Equity Markets reversed most of Friday’s gains as Interest Rate fears took centre stage again, finishing the day lower, led by the NASDAQ 100 which closed lower by 2.16%. Markets fell as Interest Rates picked up again. Remember, this is the theme the bears are...