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

Male snowboarder riding down slope with beautiful winter landscape

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 […]

Market in Review 3/18/2024

MARKET REPORT Review: – BoJ to end NIRP – NASDAQ leads stocks higher – Strong China activity data – Crude Highest since Oct – Eurozone Trade Surplus 11B vs -32B Jan 23 – Steel rebounds from Mar 15th 4yr Low – US Home builder sentiment rises more than expected – Supreme court to hear arguments […]