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 […]
Market in Review 3/15/2024
MARKET REPORT Review: – BoJ mouthpiece confirms historic end to negative rates next week, first hike in 17yrs – Strong RENGO wage data – Russia Votes – First Day of Ramadan, First Aid ship nears Gaza – Netayahu Greenlights Rafa offensive, rejects Hamas preposterous cease-fire – Biden backs Schumer as Senator calls for new election […]
Market in Review 3/14/2024
MARKET REPORT Review: – US PPI rises most since August. Exp +0.3% Act +0.6% – Energy and food primary drivers – Core rate (Ex Food and Energy) Exp +0.2% Act +0.3% ALTHOUGH Prev +0.5% – YoY +1.6% from Jan +0.9% surpassing Exp +1.1% – US Retail Sales Exp +0.8% Act +0.6% – Jan upwardly revised […]
Market in Review 3/13/2024
MARKET REPORT Review: – Traders waiting on PPI and Retail Sales data – Nvidia -1.1% post 7.2% surge – Wells Fargo downgrades Tesla, shares down 4.5% – SI up 3.5% – Spanish IBEX closes at highest level since 2018, STOXX 50 23yr high, STOXX 600/CAC both record – FTSE closes 10 month high – Japan’s […]
Market in Review 3/11/2024
MARKET REPORT Review: – ALL EYES ON TOM CPI! (June cut be decided on). Tom CPI to determine if previous uptick was decreasing Infl stalled or temp fluctuation. Bets for Fed June cut stand at 57% – Coinbase, others meet with SEC over Ether ETF’s – BTC moves ahead of Silver as worlds 8th largest […]
Market in Review 3/8/2024
MARKET REPORT Review: – NFP Headline beats (275k vs Epc 200K) but Jan and Dec revised sharply lower and Rate ticks up to 2yr high (to 3.9% from 3.7%) plus soft wage figures – Real Estate and communication services were the best sectors, consumer staples the laggard – 57% chance priced in of a 25bp […]
Market in Review 3/7/2024
MARKET REPORT Review: – HAMAS walk out of hostage talks (after their demands weren’t unilaterally met) – Sweden officially joins NATO, ending decades of neutrality – Powell notes Fed “not far” from cutting rates – NASDAQ hits another record 18334, +3% past 4 weeks up 50% last 12 months. – SP500 hits all time high […]
Market in Review 3/6/2024
MARKET REPORT Review: – Powell sticks to script – Crypto surges again – Haley concedes to Trump – ADP rises, but misses expectations; – UK Budget as expected; – NYCB USD 1bln capital raise DOLLAR DX: Down: 103.32 -0.4% (103.88 – 103.16) Off lows – AUD Up: 65.63 +0.9% (64.79 – 65.77) Off Highs […]
Market in Review 3/4/2024
MARKET REPORT Review: – BTC to the moon. FOMO or Retracement? – Fed’s Bostic does not expect rate cuts to be “back-to-back” – AAPL faces EUR 1.8bln fine – EQT to cut gas production – SMCI joining S&P 500 – US Primary “Super Tuesday” – Trump Supreme court win – Haiti collapses. World is stunned. […]
Market in Review 2/29/2024
MARKET REPORT Review: – Another record day of BTC ETF inflows – Bridgewater Dalio calls Mag 7 ‘a bit frothy’ – Cocoa sees biggest monthly gain in 22 years. – M/E Tensions rise on Israel/Gaza food stampede deaths – Core PCE prices +0.4% from Jan, sharpest rise in 1yr. Concerns slowing Disinflation. – Unemployment claims […]
