Market in Review 5/8/2024
MARKET REPORT Review: – Average 10yr US auction – Riksbank cut by 25bps, as expected – Larger than expected EIA crude draw – AAPL China iPhone shipments rise – SHOP & UBER outlook disappoints – INTC alters Q2 guidance after US imposes restrictions – A couple of negative TSLA headlines DOLLAR DX up: 105.43 […]
Market in Review 5/7/2024
MARKET REPORT Review: Quiet Day – US stocks extend gains for 4th day – DOW/Russell & Canadian TSX hit 4 week highs – US economic optimism hits lowest level in 5 months – DAX rises to 6 week high, FTSE record high – Fedspeak: “It’s a little too soon to declare that we’re definitely stalled […]
Market in Review 5/6/2024
MARKET REPORT Review: – gold, stocks, and bonds bid as rate-cut hopes inched higher. – The market is now pricing in two rate-cuts in 2024 and three more cuts in 2025… – Copper 2yr High, Nat Gas 4-month High, Cocoa +5+%, Silver +3.3% – DAX closes 4-week high – Wall Street extended its gains for the […]
Market in Review 4/26/2024
MARKET REPORT Review: – PCE +0.8% vs Exp +0.6% – CORE +0.3% Exp +0.3% – Michigan Sentiment 77.2 Exp 77.9 Prev 79.4 – Yen skyrockets – Tech stocks lead equities (again) – Next week: – WED Fed IR rate decision – FRI Payrolls DOLLAR DX up: 105.86 +0.4% (105.33 – 106.05) Off Highs – […]
Market in Review 4/24/2024
MARKET REPORT Review: – Hong Kong is set to launch its inaugural spot Bitcoin and Ethereum exchange-traded funds (ETFs) on April 30 Tesla SOARS – Meta better than Exp earn but disappointing Q2 forecast FALLS 13% POST CLOSE (-$62 p/s) – Meta reported earnings per share of $4.71 in the quarter on revenue of $36.46 billion. […]
Market in Review 4/23/2024
MARKET REPORT Review: Tesla Earnings today! (All eyes) – JetBlue plunges 17% – Spotify +14% – Earnings: SHW, CLF, NUE, PKG disappoint, GE, GM & DHR impress – US Building Permits higher than forecast, still at 6-month low – US New Home Sales rebound – US Manufac PMI unexpectedly falls to 4-month Low – FTSE […]
Market in Review 4/22/2024
MARKET REPORT Review: – Gold closes -3%, Silver -5.5% – CHI Fed National Activity index at 4-month high – FTSE closes record highs – Yen hits 34yr low – Cocoa -11% – Biden unveils $7B in rooftop Solar – PBoC leaves LPR rates unchanged – ECB Centeno suggests rate cuts could exceed 100bps this year […]
Market in Review 4/18/2024
MARKET REPORT Review: – Fed’s Bostic: ‘Wont be in position to cut rates until end of the year – For Brief moments today May rate HIKES were more likely than CUTS!: Just 38bps now priced in – US Initial Jobless claims unchanged at 212K – US Phily factory activity rises most in 2 years – […]
Market in Review 4/17/2024
MARKET REPORT Review: Danish Stock Exchange, left. – Crude SMOKED, inventories (EIA) larger than expected – Mortgage rates at 4 month highs – Poor ASML earnings – UAL earnings impress, UAL jumps – Hotter-than-expected UK CPI, shock – Biden calls for higher tariffs on Chinese steel, wheres the walk, duck? – Crude DOWN, Equities down, […]
Market in Review 4/16/2024
MARKET REPORT Review: – Powell says Rates Higher for Longer – “The recent data have clearly not given us greater confidence and instead indicate that is likely to take longer than expected to achieve that confidence,” Powell said. “Given the strength of the labor market and progress on inflation so far, it is appropriate to […]
