Market in Review 5/23/2024
MARKET REPORT Review: – NVIDIA +9% – Strong US PMI sent rate cut expectations lower: – US New Home Sales -4.7% Act 634k vs Exp 680k – Boeing down 8% on 2nd Qtr neg cash flow and no aircraft deliveries – Mixed European PMIs: France/UK miss, Germany beat – TSLA omits 2023 sales goal from […]
Market in Review 5/22/2024
MARKET REPORT Review: – HAWKISH FOMC Minutes showed some Fed members feared that despite a ‘restrictive’ monetary policy, financial conditions were too easy: – “A number of participants noted uncertainty regarding the degree of restrictiveness of current financial conditions and the associated risk that such conditions were insufficiently restrictive on aggregate demand and inflation. Although monetary policy was seen […]
Market in Review 5/21/2024
MARKET REPORT Review: – ETH surge liquidates shorts in massive losses: – Biden Drains Entire Northeast Gasoline Reserve In Bid To Lower Gas Prices – Fed’s Waller said further increases in the policy rate are unnecessary, but interest rate cuts are probably several months away – Aluminum 2yr High, US Natgas 5mth High, Copper retests […]
Market in Review 5/20/2024
MARKET REPORT Review: – ETH SOARS of ETF SEC possible authorization – “I’m cautiously pessimistic. We have the most complicated geopolitical situation that most of us have seen since World War II, if you study history. We don’t really know the full effect of QT. I find it mysterious that, somehow, it had this beneficial effect, but it’s not going to have a negative effect […]
Market in Review 5/16/2024
MARKET REPORT Review: – Gold down, Dollar/Crude up, Crypto/Equities down smalls. – US Building Permits fall to 10 month Low – US Housing starts rise less than Exp – US Initial Jobless fall less then Exp – US Philly Factory Activity slows more than Exp – US Import & Export prices rise more than Exp […]
Market in Review 5/15/2024
MARKET REPORT Review: – Gold, Equities, Treasuries, Crypto, Crude UP. Dollar down. – US Super-Core CPI hotter than expected (but headline and core CPI in-line/small miss) – US Retail sales softer than expected – US Homebuilder sentiment slumped – US Empire Fed Manufacturing disappoints Fedspeak: – Mester echoes Powell (pre-data) – Schmid is prepared to […]
Market in Review 5/14/2024
MARKET REPORT Review: – Hot M/M US PPI, but not as bad as first looks – Powell ““it’s a possibility – but I dont think it will be the case – that the next action we take will be a rate hike… most likely we will stay the course….” 2024 now pricing in almost two […]
Market in Review 5/13/2024
MARKET REPORT Review: – Gamestop/AMC up 75% – Worst day for hedge funds since Dec 23 – BTC had a day – NY Fed SCE sees 1yr & 5yr inflation expectations inch higher – ARM to make AI chips DOLLAR DX UNCH: 105.12 UNCH (105.22 – 104.93) MID – AUD UNCH: 66.06 UNCH (65.87 […]
Market in Review 5/10/2024
MARKET REPORT – Top Orange Juice Supplier sees worst crop in 36 years (seriously) Review: – Gold UP, Dollar/Stocks up small, Crypto/Crude down – 700 Hotel union workers launch strike in Vegas – Novavax stock doubles on Sanofi deal – ECB Minutes increasing prop of cuts yet highlights caution/concerns – CAD economy adds most jobs […]
Market in Review 5/9/2024
MARKET REPORT Review: – Yields significantly lower, stocks, gold, oil, and crypto higher and the dollar down with rate-cut expectations re-ignited – This was The Dow’s seventh straight daily gain – the longest win streak since July 2023 – Daly echoes Powell on labour market and policy – Strong 30yr auction – Dovish BoE – No […]
