Opinion – Wednesday 2 September 2020

US Indices opened higher on strong economic data and vaccine optimism. The ISM Manufacturing Index hit a 19-month high in August based on strength in New Orders and Employment. On the vaccine front, AstraZeneca (AZN) and Oxford University launched a late-stage trial...

Opinion – Tuesday 1 September 2020

U.S Equity Markets opened higher after Food and Drug Administration Commissioner Stephen Hahn said he would be willing to fast-track approval of a COVID-19 vaccine before Phase III trials are complete if the rewards outweigh the risks. But former FDA commissioner...

Opinion – Monday 31 August 2020

The S&P closed at yet another all-time higher after the White House announced a deal with Abbott Laboratories (ABT) to purchase 150 million rapid-result COVID-19 tests to help contain the spread of the virus. The S&P has had only one down day so far in...

Opinion – Friday 28 August 2020

The S&P closed at yet another all-time high in a volatile trading session, Markets were flat in the early afternoon. Initial Jobless Claims fell from the week before and beat estimates but remained above 1 million. Continuing claims, which represent those that...

Opinion – Thursday 27 August 2020

Both the S&P 500 and NASDAQ reached another new intraday and closing high, following more signs the U.S Economy could be rebounding faster than anticipated. U.S. Durable-Goods Orders for July were much stronger than expected. The 11.2% gain more than doubled the...

Opinion – Wednesday 26 August 2020

U.S Equity Markets were choppy for most of yesterday’s trading session, before rallying in the last hour and close higher. Markets opened higher after the White House said it had discussed progress made under the Phase One trade deal with China and that both sides...

Opinion – Tuesday 25 August 2020

Despite the fact that talks on the next U.S. Stimulus Bill will not start for another couple of weeks at the earliest, COVID-19 treatment optimism boosted markets. The U.S. Food and Drug Administration (“FDA”) said it had granted emergency use...

Opinion – Monday 24 August 2020

Both the S&P and NASDAQ closed at new all-tine highs on hopes the U.S. Economy is rebounding faster than anticipated. Markit’s U.S. PMI data for August was stronger than expected, showing strength versus July’s data. Strength was broad based in both...

Opinion – Friday 21 August 2020

U.S. Indices reversed earlier declines following the release of the Weekly Jobless Claims where labour market data missed expectations. Weekly Jobless Claims climbed back above 1 million, while Wall Street was expecting another decline. Continuing Claims, which...

Opinion – Thursday 20 August 2020

U.S. Indices closed lower following the release of Federal Reserve Meeting Minutes which weighed on the market in the last hour of trading. Language suggested members of the rate-setting Federal Open Market Committee were less willing to provide interest-rate...

Opinion – Wednesday 19 August 2020

Both the NASDAQ and S&-P closed at new all-time highs last night while the Dow struggled after poor earnings from Walmart. Senate Republicans were said to be considering the introduction of a smaller Coronavirus-stimulus package according to Senate aides. The...

Opinion – Tuesday 18 August 2020

U.S. Indices closed mixed as there was still no breakthroughs on a stimulus agreement, though White House Chief of Staff Mark Meadows met with House members over the weekend to try and revive stalled negotiations. There was also news on the vaccine front....

Opinion – Monday 17 August 2020

U.S Indices recovered from earlier losses to close flat on Friday in a low-volume trading session. Investors weighed stimulus headlines with economic data. Speaker of the House Nancy Pelosi (D-CA) said stimulus negotiations would not restart unless Republicans were...

Opinion – Friday 14 August 2020

Despite a much stronger than expected Weekly Jobless Claims, both the Dow and S&P closed lower. Weekly Jobless Claims fell below 1 million for the first time since March. Continuing Claims, which represent those that have filed for Unemployment for at least two...