Market in Review 2/28/2024
MARKET REPORT Review: – BTC Surge to $64k record ETF volumes, then Flash-crash/Coinbase exchange users show 0$ Bal – Mitch Mconnell will step down as Senate Rep leader in Nov – PCE deflator, sales, PCE and core PCE revised up – US Q4 GDP revised lower – Soft Aussie CPI – Dovish RBNZ hold – […]
Market Report 2/27/2024
MARKET REPORT Review: – BTC up 4% – Soft Durable Goods led by Boeing – Consumer Confidence stalls – Richmond Fed improves – Hot Japanese CPI – Fed’s Bowman tows usual line – BoE’s Ramsden says MPC could unwind APF fully – AAPL cancels electric car effort – HES-CVX merger under threat – OPEC reportedly […]
Market in Review 23/2/2024
MARKET REPORT Review: – Dollar finishes down on week. 1st of 2024 – Best week for Bullion in 2024 – NVIDIA reaches 2T in mkt cap. – Fed: Waller was hawkish, Cook and Williams towed the usual Fed line – JPM’s Dimon sells 822kk shares (around $150m) – US unveil 500 more Russian sanctions on […]
Market in Review 2/22/2024
MARKET REPORT Review: – Equities (lead by NQ) surge as NVIDIA fires up AI Mania – NVIDIA +15% to $777 (prev close $680) – Rivian drops 25% on outlook, layoffs, dwindling cash – Fed (Philly/non-voter) Harker, a rate cut is the next step in monetary policy. No indication of when – Iran Election. – Russia […]
Market in Review 2/21/2024
MARKET REPORT Review: – NVIDIA POST RECORD REVENUE +265% ON BOOMING AI BUS POST CLOSE – FOMC Minutes: – altered the post-meeting statement to indicate that no cuts would be coming until the rate-setting Federal Open Market Committee held “greater confidence” that inflation was receding. – indicated a general sense of optimism that the Fed’s […]
Market in review 2/15/2024
MARKET REPORT Review: – Retail Sales drops. Exp -0.1% Actual -0.8% – Initial Jobless, Philly Fed and NYS Manuf stronger – Industrial Production weaker – UK GDP weaker Exp -0.1% Actual -0.3% – Japan & UK enter technical recessions – AAPL readies AI tool to rival MSFT’s Github copilot – Israel kills Hezbollah leader. Hez […]
Market Report 2/12/2024
MARKET REPORT Review: – Egypt threatening to void Israel peace agreement with the latter threatening to invade Rafah (likely a hollow threat as Egypt receives billions in US aid which would be jeopardized. Egypt fears a mass ‘Palestinian’ migrant crisis) – Indonesian, Finnish and South African Elections up for grabs – US stocks hit record […]
Market in Review 2/9/2024
MARKET REPORT Review: – US CPI revisions do little to change the narrative – Fed’s Bostic and Logan want more evidence on inflation – Netanyahu planning Rafah op to destroy Hamas – NYCB relief rally – Tech stocks continue surge, ES close above 5000 – Dollar flat, GC down small – Crypto continues surge – […]
Market in Review 2/8/2024
MARKET REPORT Review: – Fed’s Barkin “take our time” on rate cuts – Telsa resume Giga Berlin production – NYCB see-saw session – Senate advances Defence Aid Bill. 63B for Ukraine, 14b Israel, 5B Taiwan. – Weekly Jobless Inline – 30yr Mortgage rate back to 6.64% after touching 7% earlier this week. – Dovish BoJ […]
Market in Review 2/7/2024
MARKET REPORT Review: – NYCB cut to junk at Moody’s – Israel rejects Hamas demands for a ceasefire – Fed Kugler “ some point, the cooling of inflation and labour markets may make it appropriate to cut rates, but if disinflation progress stalls, it may be appropriate to hold policy rate steady for longer” – Fed […]
