Opinion – Tuesday 1 December 2020

Equity Markets fell as investors took profits at the end the month, led by the Dow which closed lower by 0.90%. Over the course of November, vaccine optimism sent markets higher. The Dow was on track for its best month since 1987, while the S&P 500 and Nasdaq...

Opinion – Monday 30 November 2020

Equity Markets rose Friday, on what turned out to be a very quiet trading session, finishing higher, led by the NASDAQ which closed the week with a gain of 0.80%. Although markets were subdued on a holiday-shortened day, there was positive vaccine news, as Operation...

Opinion – Friday 27 November 2020

The rally in global risk assets lost steam as the spreading pandemic tempered gains in European stocks and U.S. Equity Futures. Bitcoin tumbled as much as 14%. Cyclical companies including banks and energy firms that had led the post-vaccine surge retreated while more...

Opinion – Thursday 26 November 2020

Weak labour market data weighed on markets yesterday, closing lower, led by the Dow which closed 0.58% in the red. A miss on the closely watched jobs data weighed on markets in the afternoon as Jobless Claims rose again last week, hitting the highest level in five...

Opinion – Wednesday 25 November 2020

Equity Markets continued their positive start to this holiday-shortened week, finishing the day higher, with the Dow and S&P closing at new all-time highs. The Trump administration called on the General Services Administration to assist in the formal transition...

Opinion – Tuesday 24 November 2020

As speculated yesterday, Vaccine optimism boosted markets once again, which finished the day higher, led by Dow which gained 1.13%. We got more positive news on a vaccine. Operation Warp Speed Chief Moncef Slaoui said the U.S. hopes to begin administering Coronavirus...

Opinion – Monday 23 November 2020

U.S. Equity markets fell to end a choppy week on Friday, led by the Dow which closed lower by 0.75%. Indices were mixed throughout much of the day before a late-sell-off in the last 20 minutes of trading. There was positive vaccine news, after Pfizer and BioNTech said...

Opinion – Thursday 20 November 2020

U.S. Equity Markets snapped a two-day losing streak, finishing the day higher, led by the NASDAQ which closed higher by 0.76%. U.S Indices sold off in the morning on worse-than-expected jobs data. Jobless Claims rose unexpectedly, marking the first increase in five...

Opinion – Thursday 19 November 2020

U.S. Equity Markets bounced around as investors digested more vaccine headlines before selling off into the close in what turned out to be a volatile trading session. Both the S&P and Dow led the decline, closing lower by 1.16%. Markets initially rallied after we...

Opinion – Wednesday 18 November 2020

U.S. Equity Markets took a small breather after reaching new highs on Monday, finishing the day lower, led by the Dow which closed with a loss of 0.56%. Reimposed COVID-19 restrictions spooked investors. California Governor Gavin Newsom said the State was pulling the...

Opinion – Tuesday 17 November 2020

Vaccine optimism once again sent U.S. Equity Markets to all-time high, led by the Dow which closed just below 30,000 with a gain of 1.60%. Moderna said that the vaccine met its primary endpoint for efficacy. MRNA also said that its vaccine was 94.5% effective in the...

Opinion – Monday 16 November 2020

U.S. Equity Markets ended the week on a high note, finished the day higher, with the S&P and Dow both closing higher by 1.37%. Even though Coronavirus cases are still an area of concern, National Institute of Allergy and Infectious Diseases Director Dr. Anthony...

Opinion – Friday 13 November 2020

COVID-19 trends spooked Equity Markets, which finished the day lower, led by the Dow closing with a loss of 1.08% on what turned out to be another volatile trading session. U.S. case trends continued to hit record highs, bringing concerns that U.S individual States...

Opinion – Thursday 12 November 2020

U.S. Equity Markets resumed their rally, finishing the day higher, led by the NASDAQ 100 which closed with a gain of 2.31%, while the Dow closed basically unchanged. Vaccine optimism was a driver again yesterday. National Institute of Allergy and Infectious Diseases...