Opinion – Thursday 12 September 2024

U.S. Equity Markets eventually saw strength on Wednesday, in a reversal of post-CPI moves, with the tech-heavy NDX outperforming and buoyed by strength in mega-cap names such as Nvidia (NVDA) (+8%). Nonetheless, sectors were mixed with Tech sitting atop the pile with...

Opinion – Wednesday 11 September 2024

U.S. Equity Markets While the NASDAQ 100 led Tuesday’s gains ahead of the Presidential debate, the Small Cap Russell ended the session with a loss of 0.9%. Markets rebounded from the initial Financial induced losses they saw in choppy trade. It was a day catalysed by...

Opinion – Tuesday 10 September 2024

U.S. Equity Markets were firmer to start the week (SPX +1.2%, NDX +1.3%, DJIA +1.2%, RUT +1.1%) in light newsflow amid a lack of tier 1 US data and Fed blackout ahead of the meeting next Wednesday. As such, all sectors, aside from Communication Services, saw gains...

Opinion – Monday 9 September 2024

Equity Markets closed lower on Friday, led by the 2.7% fall in the NASDAQ 100, weighed on by souring risk sentiment through the afternoon despite initial gains on the US jobs report, which failed to decisively guide towards the magnitude of the September FOMC rate...

Opinion – Thursday 29 August 2024

Equity Markets closed lower on Wednesday, but off troughs, with weakness led by the NASDAQ and semiconductor names ahead of Nvidia (NVDA) earnings after-hours. Also adding to the downside was the further slump in Super Micro (SMCI) after it delayed the release of its...

Opinion – Wednesday 28 August 2024

U.S. Equity Markets closed mixed on Tuesday following a trading session that witnessed of two-way price action. Both the S&P and NDX closed higher while the RUSSELL 2000 was the underperformer, closing lower by 0.7%, in a day of thin headline newsflow as...

Opinion – Tuesday 27 August 2024

U.S. Equity Markets closed lower on Monday with the overnight upside in futures pared once cash trade began. The losses were mixed, however, with the downside felt mostly in the NASDAQ with Tech, Consumer Discretionary and Health Care sectors underperforming, while...

Opinion – Monday 26 August 2024

U.S. Equity Markets rebounded strongly on Friday following Thursday’s aggressive sell-off. Lower rates saw the Russell 200 lead Friday’s gains, closing higher by 3.2%. The Treasury Market was firmer to end the week, while the Dollar saw weakness after Fed Chair Powell...

Opinion – Thursday 22 August 2024

U.S. Equity Markets saw strength on Wednesday (SPX +0.4%, NDX +0.6%, RUT +1.3%) in what was a day of choppy price action, as most sectors settled in the green with Consumer Discretionary and Materials outperforming and only Financials in the red. The Dollar Index was...

Opinion – Wednesday 21 August 2024

U.S. Equity Markets trimmed some gains seen on Monday, finishing the session marginally lower, in a day that saw few macro updates and tier 1 releases. Nonetheless, Fed’s Bowman (Voter) reiterated her past comments, as she repeated rate cuts are appropriate if...

Opinion – Tuesday 20 August 2024

U.S. Equity saw further gains to start the week, with the NASDAQ 100 (+1.3%) outperforming and buoyed by gains in Nvidia (+4.4%) in a day of very sparse newsflow and little-to-no data. Sectors are exclusively in the green, with large-cap Technology, Communication...

Opinion – Monday 19 August 2024

Following Thursday’s aggressive move higher, U.S. Equity Markets ultimately closed little changed on Friday morning weakness pared after cash equity trade opened. Sectors were mixed with outperformance in Financials, Utilities and Communications, while downside was...

Opinion – Thursday 15 August 2024

U.S. Equity Markets again closed mixed on Wednesday after CPI failed to live up to the dovishness of the PPI report on Tuesday, albeit CPI on net was still in line with expectations and there were no signs of concern within the report. The report did little to alter...

Opinion – Wednesday 14 August 2024

U.S. Equity Markets (SPX +1.7%, DJIA +1.0%, RUT +1.6%) saw broad-based gains on Tuesday in wake of the cooler-than-expected US PPI release, with the tech-heavy Nasdaq 100 (+2.5% ) outperforming and buoyed by notable strength in Nvidia (+6.5%) and Tesla (+5.3%), which...