Opinion – Tuesday 20 April 2021

U.S. Equity Markets fell from their highs to start the week, with all three main Indexes closing in the red. There were not many drivers, though there was some focus on overly bullish sentiment from retail investors. Elsewhere, President Joe Biden is scheduled to meet...

Opinion – Monday 19 April 2021

U.S. Equity Markets ended last week at new all-time highs, with the Dow leading the charge, closing higher by 0.49%. Strong economic data continued to provide a tailwind for markets. Housing Starts and Building Permits rose more than expected in March, signalling that...

Opinion – Friday 16 April 2021

U.S. Equity Markets surged on positive economic data, with all three main Indexes closing at new all-time highs. Jobless claims fell, and came in well below estimates. In fact, they hit the lowest level since the pandemic disrupted the labour market last March. This...

Opinion – Thursday 15 April 2021

U.S. Equity markets traded in wide range before ending yesterday’s session mixed as investors digest the start of earnings season. The earnings season officially kicked off – with reports from JPMorgan (JPM) and Goldman Sachs (GS). Both companies handily beat...

Opinion – Wednesday 14 April 2021

U.S. Equity Markets were volatile on vaccine and inflation concerns, before ending yesterday’s session with mixed results. Markets were lower early in the morning, before turning sharply higher. Vaccine news sparked some concerns, after the U.S. halted Johnson &...

Opinion – Tuesday 13 April 2021

U.S. Equity Markets eased off their highs to start the week, finishing the day lower, led by the NASDAQ which ended yesterday’s session with a loss of 0.36%. Markets declined from their highs set at the end of last week. There were not too many headlines driving the...

Opinion – Monday 12 April 2021

U.S. Equity Markets ended the week on another high note, finishing the day higher, led by the Dow which closed with a gain of 0.89%. Markets rose after a choppy start to the morning. Producer price index (“PPI”) data was higher than expected in March,...

Opinion – Friday 9 April 2021

U.S. Equity Markets rose to new all-time highs, led by the NASDAQ 100 which closed with a gain of 1.04%. There was some breakthrough on tax hikes, on reports that the White House could instead push for a 25% corporate tax rate (versus the initial 28% proposal)....

Opinion – Thursday 8 April 2021

U.S. Equity Markets were mixed on a quiet day’s trading with the Dow closing flat  while the NASDAQ 100 closed 0.28% higher. Markets were mixed following a decline on Tuesday. Early in the morning, headlines were focused on JPMorgan CEO Jamie Dimon’s shareholder...

Opinion – Wednesday 7 April 2021

U.S. Equity Markets traded in a narrow range before closing below Monday’s record highs, led by the Dow which finished lower by just 0.29%. The International Monetary Fund boosted its global growth outlook for 2021 on strength from accelerating COVID-19 vaccinations....

Opinion – Tuesday 6 April 2021

The Department of Labour reported last Friday that the Employment data for March indicated companies added 916,000 jobs (versus the 647,000 expectation), while the unemployment rate fell to 6.0%. Yesterday both the S&P and Dow closed at yet another new all-time...

Opinion – Thursday 1 April 2021

U.S. Equity Markets rebounded yesterday, finishing the day higher, despite a late sell-off into the Close. The NASDAQ 100 led the rally ending the day with a gain of 1.51%. The S&P made a new all-time high before a late sell-off saw the rally cut  to a gain of...

Opinion – Wednesday 31 March 2021

U.S. Equity Markets continued their choppy trade, finishing the day lower, led by the NASDAQ 100 which closed with a loss of 0.56%. A spike in bond yields weighed on markets. This has been a theme playing out over the past few weeks. Higher bond yields spark fears of...

Opinion – Tuesday 30 March 2021

U.S. Equity Markets bounced around to start the week, finishing the day mixed as the Dow tested all-time highs to close with a gain of 0.60% while the Small Cap Russell 2000 closed 2.83% lower. Markets declined in the early morning before recovering throughout the...