Market in Review 7/24/2024

MARKET REPORT (Unburdened by what has been) 1907, Zagreb: Croatian regions were split between the Austrian and Hungarian part. However, the Croatian-Hungarian Compromise granted a certain level of autonomy to Croatia and Slavonia, even though not in the field of economy, trade and transport, which were governed by the government in Budapest. Anxious to gain […]

Market in Review 7/23/2024

(This) MARKET REPORT (is unburdened by what has been) Dublin, to be sure. Day in Review: Today: DATA: – US existing home sales slumped for the fourth straight month in June – 5.4% MoM (the worst MoM drop since Nov 2022) and dragging sales down 5.4% YoY COMPANIES: – Spotify (SPOT) released earnings per share […]

Market in Review 7/22/2024

This MARKET REPORT is unburdened by what has been Euronext Dublin Day in Review: Today: DATA: – If youre under a rock…. BIDEN IS OUT, KAMALA (Cackling Hen) IS IN! (Ummm why is he still President then if he literally admits he cant do the job?) – PBoC surprisingly cut the RRR, LPR, and SLF […]

Market in Review 7/19/2024

MARKET REPORT Dublin Bourse 1924 Day in Review: Today: DATA: – Soft UK and Canada retail sales – Soft Japan CPI – VIX had a big week, surging back above 16 – its biggest absolute weekly jump since March 2023 (SVB implosion)… but bond vol remains muted COMPANIES: – Netflix (-1.8%) posted earnings: – Revenue […]

Market in review 7/18/2024

MARKET REPORT Old Dublin Stock Exchange, 1985 Day in Review: Today: DATA: – ECB Holds rates unchanged as Exp – “…continue to follow a data-dependent and meeting-by-meeting approach to determining the appropriate level and duration of restriction.” – “…The Governing Council is not pre-committing to a particular rate path.” – Strong Philly Fed – ALTHOUGH […]

Market in Review 7/17/2024

MARKET REPORT Copenhagen Bourse. Day in Review: Today: DATA: – Housing Starts & Building Permits rise more than expected in June +3.0% MoM and +3.4% MoM respectively – May revised higher -4.6% MoM and -2.8% MoM – US Industrial Production rises (better than expected) +0.6% MoM June (double the 0.3% jump Exp vs slower than the 0.9% […]

Market in Review 07/16/2024

MARKET REPORT 1571 Elizabeth 1 opens the Royal Exchange in London The Royal Exchange of London was founded by the merchant Thomas Gresham in 1568, and officially inaugurated by Queen Elizabeth, in 1571, as the commercial centre for the city of London. But it was also meant to be a forum for merchants to meet […]

Market in Review 7/15/2024

MARKET REPORT . Antwerp Bourse Glass roof . Day in Review: . Today: DATA: – POWELL: “We didn’t gain any additional confidence in the first quarter, but the three readings in the second quarter including the one from last week do add somewhat to confidence” inflation is moving toward the Fed’s 2% target, Powell said […]

Market in Review 7/12/2024

MARKET REPORT Antwerp Bourse 1858 . Day in Review: . Today: DATA: – US PPI Surges at fastest pace in 15mths Exp +0.1% Act +0.2% (BUT categories used to calculate the Fed’s preferred inflation measure, the personal consumption expenditures price index, were not so bad.) – May revised higher – YoY +2.6% vs Exp +2.3% […]

Market in Review 7/10/2024

MARKET REPORT Old stock market London Day in Review: Today: – Powell sticks to script – ES Crosses 5600 level on 2 rate cuts hopes.  DOW crosses 40k. Investors continue to bet on two rate reductions this year, with the odds for a September cut standing around 75%: MAG7 UP 7 straight days (10 of […]

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