Market in Review 3/25/2024
MARKET REPORT Review: – Chi Fed Pres Goolsbee “3 rate cuts 2024 in line with my thinking” – June cut “On and Off table” – Fed Bostic only see’s one cut this Yr. – BTC back above 70k Handle, BTC & ETH +7% – Boeing CEO exits – FTX to sell majority stake in Anthropic […]
Market in Review 3/22/2024
MARKET REPORT Review: – CAD Retail Sales Edge Higher – DOW best week of 2024 (though drops 300pts today) – FedEx UP, Nike DOWN (24 wk low), LULU LEMON DOWN, Tesla Curbs China output – Soft Japan inflation, wage tally eased slightly – German Ifo beats – DAX record close, FTSE highest in 1yr – […]
Market in Review 3/21/2024
MARKET REPORT Review: – BoE Holds rates UNCH at 5.25% (Expected) (Voting 8-1, 1 for cut. Exp 7-2, 1 cut and 1 hike) (Slightly more DOVISH) – Gov Bailey expressed favourable conditions for beginning reduction but stressed greater necessity for certainty regarding price pressures – FTSE closed 11 month highs – STOXX 50 23yr highs […]
Market in Review 3/20/2024
MARKET REPORT Review: – FED LEAVES RATES ON HOLD INDICATES 3 RATE CUTS FOR 2024 – Fed leaves Rates at 5.25-5.5%, 23yr High for a 5th consecutive meeting – Policy makers ‘do not expect to alter target range until greater confidence inflation moving lower’ – GDP see higher in 2024, 2.1% vs 1.4% (Dec project), […]
Market in Review 3/19/2024
MARKET REPORT Review: – BoJ ends NIRP, ETF purchases and YCC, but maintains JGB purchase pace – RBA removes tightening bias – Soft Canada inflation – US Housing Starts and Building Permits beat – Kering warn of soft Gucci sales, particularly in China – NVDA to take large chunk of accelerated computing market – Very […]
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 […]
