Opinion – Friday 3 March 2023

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U.S. Equity Markets closed higher led by the 1.05% gain in the Dow. The across-the-board evening buying saw the VIX closed lower by 5% at a price of 19.59. Home Prices for February fell for the first time Y/Y since 2012, according to housing brokerage firm Redfin, not...

Opinion – Thursday 2 March 2023

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U.S. Equity Markets closed mixed after another volatile session. Although, the Dow closed slightly positive, the NASDAQ got hit hard, closing lower by 0.86% after 10-year Treasuries hit 4%. The ISM PMI came in at 47.7, a minor improvement from January. However, it is...

Opinion – Wednesday 1 March 2023

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Following a late sell-off, U.S. Equity Markets closed lower led by the 0.71% fall in the Dow. Despite the across the board sell-off, the VIX also closed lower by 1.20% at a price of 20.70. February Conference Board Consumer Confidence fell 4.2 points M/M with the...

Opinion – Tuesday 28 February 2023

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U.S. Equity Markets eventually closed higher following a volatile trading session. The Dallas Fed Manufacturing Survey for February showed that factory activity declined for the first time since May 2020. The production index recorded a modest contraction in output,...

Opinion – Monday 27 February 2023

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Friday saw a volatile trading session as Equity Markets sold off on the higher-than-expected PCE print. The NASDAQ 100 led the declines, closing lower by 1.73%. Surprisingly, despite Friday’s across the board sell-off, the VIX only closed higher by 2.51% at a price of...

Opinion – Friday 24 February 2023

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U.S Equity Markets reversed earlier gains to close higher. The S&P again bounce off its 50 Day Moving Average while lower Bond Yields saw the NASDAQ 100 lead yesterday’s gains at +0.94%. This move higher saw the VIX close lower by 5% at a price of 21.14....

Opinion – Thursday 23 February 2023

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U.S. Equity Markets closed mixed. While the Dow closed lower by a further 0.26% the small Cap Russell 2000 ended Wednesday with a gain of 0.38%. The quiet session saw the VIX close lower by 2.54% while internally the market was strong as reflected by the McClellan...

Opinion – Wednesday 22 February 2023

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Equity Markets resumed trading after the long-weekend to be met by a barrage of selling. Higher Bond Yields saw the NASDAQ 100 lead the decline, closing lower by 2.41%. The across the board selling saw the VIX close higher by almost 15% at a price of 22.87. Retail...

Opinion – Tuesday 21 February 2023

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With U.S. Markets closed for the Presidents’ Day Holiday, trading elsewhere was extremely quiet. Although European Markets closed mixed, the FTSE did close at a new all-time high at 8020. In Asia, The Bank of Japan is expected to tighten monetary policy as soon as...

Opinion – Monday 20 February 2023

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U.S. Equity Markets closed mixed following a volatile trading session. Although the NASDAQ 100 closed lower, the Dow ended Friday with a gain of 0.39%. President Joe Biden said he expects to speak with Chinese President Xi Jinping soon in an attempt to ease rising...

Opinion – Friday 17 February 2023

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U.S. Markets sold off aggressively into the close led by the NASDAQ which ended yesterday’s session with a loss of 2%. 10-Year Treasury Yields rising to 3.86% did not help. PPI was released rising 6% year over year versus +5.4% expected.  The late equity sell-off saw...

Opinion – Thursday 16 February 2023

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U.S. Equity Markets closed higher after an earlier dip, led by 0.77% gain in the NASDAQ 100. This move higher saw the VIX close lower by a further 3.60% at a price of 18.23. Treasury yields surged higher on expectations that the current Federal Reserve terminal rate...

Opinion – Wednesday 15 February 2023

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U.S. Equity Markets closed mixed after a volatile trading session. CPI showed inflation cooled slightly in January – 6.4% year over year (“YOY”), down from 6.5% YOY in December – as higher energy and household costs prevented further declines. The NFIB...

Opinion – Tuesday 14 February 2023

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U.S. Markets closed higher led by the 1.60% gain in the NDX. These gains came despite higher Bond Yields as attention turns to this afternoon’s CPI release. Federal Reserve Governor Michelle Bowman said that price stability is still too far away and that further...