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Equity Markets closed lower in both the U.S and Euro-Zone with Financial Stocks leading the decline after Buzzfeed reported suspicious activity in both Deutsche Bank and JP Morgan. Yesterday was the worst day for European Indices since March, led by the DAX which...
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U.S Equity Markets closed lower on Friday in a volatile trading session. One of the main drivers was a “Quadruple Witching,” where contracts for market index futures, single stock futures, market index options, and stock options all expire. This is a...
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U.S Equity Markets fell sharply yesterday before turning around and cutting losses in half by the close. Speaker of the House Nancy Pelosi rejected calls for a new vote on a smaller Stimulus Bill, dashing hopes that the two sides could reach a quick compromise. Weekly...
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U.S Equity markets rose ahead of the FOMC Statement helped by positive economic data. Retail sales rose, but missed estimates. While the data fell short of expectations, it continued a trend of increased spending. Homebuilder Sentiment hit a fresh all-time high, as...
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Both the S&P and NASDAQ closed higher following the release of strong economic data. The Empire State Manufacturing Index for September, which measures changes in Business Activity, had a reading of 17 versus the expectation for 6.9 and the prior month’s...
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Global Equity Markets rose on positive vaccine news. Pfizer and BioNTech proposed boosting the size of their Coronavirus vaccine trial from 30,000 to 44,000, increasing scope and diversity, as they remain on track to submit data by late October. And Pfizer’s CEO...
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U.S Indices closed last week mixed after a volatile trading session. Markets opened higher in the morning before seeing plenty of two-way price action for the rest of the day. Tech led the early gains behind strong earnings reports from Oracle and Peloton. The...
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U.S Indices closed lower after a volatile trading session. Markets bounced around before selling off in the last two hours of trading. Weekly Jobless claims missed estimates and were even weaker than last week, while Continuing Claims unexpectedly rose. This sparked...
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U.S Equity Markets rebounded after three straight days of sharp sell-offs. There were no clear drivers, though Senate Republicans unveiled a $650 billion Coronavirus Stimulus Bill that will be funded with $350 billion not spent in the earlier Coronavirus package. In...
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U.S Indices fell hard yesterday as technology weakness continued to weigh on markets on a what turned out to be a wild trading session. Sellers took markets down near their 50-day Moving Average, and a close below could spark more selling. Given tech’s large...
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European Indices closed with strong gains in a broad rally led by Autos, Industrials and Health – Care Stocks. The FTSE led European Markets higher, closing with a gain of 2.3%, helped by a falling Pound as Brexit Talks plunged into crisis following Britain’s threat...
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U.S Indices closed weak but well – off intra-day lows led by technology weakness and Dollar strength. Investors continued to rotate out of risky assets heading into the three-day weekend. A U.S Dollar rally means that U.S.-made goods cost more in other...
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U.S Indices finally reversed course after a relentless five-month rally as speculated at length in yesterday’s Daily Commentary. The NASDAQ 100 led the decline closing 5% lower while the VIX which has signalled trouble all-week, closed 20% higher Concerns over a...
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Both the S&P and NASDAQ 100 made new all-time highs on optimism around the timeline for a Coronavirus vaccine. National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci said a Coronavirus vaccine could be available earlier than expected if...
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