Opinion – Thursday 5 November 2020

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U.S. Equity Markets jumped with Election Day behind us, finishing the day higher, led by the NASDAQ 100 which closed with a huge 4.41% gain. Growth stocks were back in investors’ good graces. With control of both the House of Representatives and Senate likely...

Opinion – Wednesday 4 November 2020

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U.S. Equity markets surged again, finishing the day higher led by the Dow which closed +2.05% while the S&P finished 1.78% higher. Markets rose as the focus shifted to the 2020 presidential election. Democratic nominee Joe Biden continues to maintain his lead in...

Opinion – Tuesday 3 November 2020

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U.S Indices closed higher, boosted by strong economic data, as they rebounded following a bad week and a down October. The ISM Manufacturing Index came in above estimates in October, and hit the highest level since September 2018. And IHS Markit Manufacturing PMI rose...

Opinion – Monday 2 November 2020

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U.S. Equity Markets declined again on Friday and in the process registering its worst week since March. The S&P closed 1.21% lower while following the weaker than expected earnings from Apple, the NASDAQ 100 led the declines with a loss of 2.62%. COVID-19 trends...

Opinion – Friday 30 October 2020

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U.S. Equity Markets rebounded after yesterday’s sell-off, finishing the day positive with the S&P 500 closing higher by 1.2% and the NASDAQ 100 +1.87%. Speaker of the House Nancy Pelosi said the terms of a Coronavirus Stimulus Bill could change if the...

Opinion – Thursday 29 October 2020

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U.S. Equity Markets sold off sharply, finishing the day lower, with the S&P 500 -3.52%, the Dow -3.42% and the NASDAQ 100 -3.93%. Coronavirus case numbers, and the fears of more restrictions that come with them, remained the key driver of the sell-off. In terms...

Opinion – Wednesday 28 October 2020

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U.S. Equity Markets were mixed for most of the day, before selling off into the close, finishing the day lower, led by the Dow which closed -0.80%. Treasury Secretary Steven Mnuchin and Speaker of the House Nancy Pelosi failed to resolve differences on stimulus...

Opinion – Tuesday 27 October 2020

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U.S. Equity Markets tumbled as Coronavirus cases rose, finishing the day lower, led by the Dow which closed with a loss of 2.29%. Coronavirus infections rose to new highs, as the daily total breached the 80,000 mark for the first time. The seven-day average hit a new...

Opinion – Friday 23 October 2020

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U.S. Equity markets rose again on positive stimulus developments, finishing the day higher, led by the Dow which closed with a gain of +0.55%. House Speaker Nancy Pelosi said that negotiations between the White House and Democrats were “just about there.”...

Opinion – Thursday 22 October 2020

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U.S. Equity Markets were mixed as investors digested Stimulus headlines, but finished lower after a volatile trading session. White House Chief of Staff Mark Meadows said he is hopeful the GOP and Democrats can reach a Stimulus Agreement by this weekend. But Senate...

Opinion – Wednesday 21 October 2020

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U.S Indices closed higher as Stimulus hopes boosted markets. Yesterday was a volatile trading session with plenty of two-way price action with markets closing well off their intra-day high. Speaker of the House Nancy Pelosi’s office said she and Treasury...

Opinion – Tuesday 20 October 2020

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U.S Markets rose at the open, before falling in a volatile trading session as the S&P closed 1.63% lower. Stimulus headlines were mixed, after Speaker of the House Nancy Pelosi said she is hopeful a Stimulus deal will be signed before the election despite...

Opinion – Monday 19 October 2020

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U.S. Equity Markets rebounded for most of the day, but finished Friday weak, after their sell-off over the previous few days. Economic data was mixed. Retail Sales rose by more than expected, in a positive note for consumer spending. That is the fifth straight month...

Opinion – Friday 16 October 2020

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U.S Indices closed lower for the third consecutive trading session as fears of a stalling job market recovery weighed on markets. New Initial Jobless Claims reached 898,000 in the week ending October 10, according to the Department of Labour. This was an increase from...