Prop Trading Firms: Hype or Here to Stay?
In recent years the concept of proprietary trading firms, prop firms, or funding firms has gained significant traction in the financial world. While some may dismiss them as a temporary trend, these firms represent a critical evolution in the trading landscape. Unlike traditional margin accounts, which often lack the support and structure necessary for […]
Market Report 4/1/2024
MARKET REPORT Review: – US Manufacturing PMI revised lower – US Construction Spending unexpectedly shrank Act -0.3% Exp +0.7% – US Factory Activity Expands Act 50.3 Exp 48.4 – Pound Hits 6-week low, Treasury yield 3 month high – Strong China PMI – Iran vows response to Israel strike on IRGC commander – Nippon Steel […]
Market in Review 3/28/2024
MARKET REPORT Review: – US GDP growth revised slightly up to 3.4% for Q4 2023, above 3.2% prev reported – US Weekly Jobless 210k vs Exp 215K – US Corporate Profits Growth +3.9% in Q4 ($2.8 TRILLION) – US Chicago PMI points to 4th successive contraction (41.4 vs Prev 44 prior month) – US Michigan […]
Market in Review 3/27/2024
MARKET REPORT Review: – Japanese officials jawbone after USD/JPY printed a 33yr high – SARB & Riksbank hold rates, as expected – India’s gold imports set to fall over 90% in March M/M – Strong 7yr auction – EIA Crude build, but not as large as private inventories – Reddit stock down 11% – Coinbase […]
Market in Review 3/26/2024
MARKET REPORT Review: – US Durable Goods rebound more than Exp. Act +1.4% vs Exp +1.1% for Feb. – US House Prices fall first time in 17mths. – US Consumer Confidence misses – Trump sells Truth Social, adds $3B to Net Wealth. Doubles Net Worth to $6.5B. Now one of 500 wealthiest in world. – […]
Market in Review 3/25/2024
MARKET REPORT Review: – Chi Fed Pres Goolsbee “3 rate cuts 2024 in line with my thinking” – June cut “On and Off table” – Fed Bostic only see’s one cut this Yr. – BTC back above 70k Handle, BTC & ETH +7% – Boeing CEO exits – FTX to sell majority stake in Anthropic […]
Market in Review 3/22/2024
MARKET REPORT Review: – CAD Retail Sales Edge Higher – DOW best week of 2024 (though drops 300pts today) – FedEx UP, Nike DOWN (24 wk low), LULU LEMON DOWN, Tesla Curbs China output – Soft Japan inflation, wage tally eased slightly – German Ifo beats – DAX record close, FTSE highest in 1yr – […]
Market in Review 3/21/2024
MARKET REPORT Review: – BoE Holds rates UNCH at 5.25% (Expected) (Voting 8-1, 1 for cut. Exp 7-2, 1 cut and 1 hike) (Slightly more DOVISH) – Gov Bailey expressed favourable conditions for beginning reduction but stressed greater necessity for certainty regarding price pressures – FTSE closed 11 month highs – STOXX 50 23yr highs […]
Market in Review 3/20/2024
MARKET REPORT Review: – FED LEAVES RATES ON HOLD INDICATES 3 RATE CUTS FOR 2024 – Fed leaves Rates at 5.25-5.5%, 23yr High for a 5th consecutive meeting – Policy makers ‘do not expect to alter target range until greater confidence inflation moving lower’ – GDP see higher in 2024, 2.1% vs 1.4% (Dec project), […]
Market in Review 3/19/2024
MARKET REPORT Review: – BoJ ends NIRP, ETF purchases and YCC, but maintains JGB purchase pace – RBA removes tightening bias – Soft Canada inflation – US Housing Starts and Building Permits beat – Kering warn of soft Gucci sales, particularly in China – NVDA to take large chunk of accelerated computing market – Very […]
