Market in Review 3/8/2024
MARKET REPORT Review: – NFP Headline beats (275k vs Epc 200K) but Jan and Dec revised sharply lower and Rate ticks up to 2yr high (to 3.9% from 3.7%) plus soft wage figures – Real Estate and communication services were the best sectors, consumer staples the laggard – 57% chance priced in of a 25bp […]
Market in Review 3/7/2024
MARKET REPORT Review: – HAMAS walk out of hostage talks (after their demands weren’t unilaterally met) – Sweden officially joins NATO, ending decades of neutrality – Powell notes Fed “not far” from cutting rates – NASDAQ hits another record 18334, +3% past 4 weeks up 50% last 12 months. – SP500 hits all time high […]
Market in Review 3/6/2024
MARKET REPORT Review: – Powell sticks to script – Crypto surges again – Haley concedes to Trump – ADP rises, but misses expectations; – UK Budget as expected; – NYCB USD 1bln capital raise DOLLAR DX: Down: 103.32 -0.4% (103.88 – 103.16) Off lows – AUD Up: 65.63 +0.9% (64.79 – 65.77) Off Highs […]
Market in Review 3/4/2024
MARKET REPORT Review: – BTC to the moon. FOMO or Retracement? – Fed’s Bostic does not expect rate cuts to be “back-to-back” – AAPL faces EUR 1.8bln fine – EQT to cut gas production – SMCI joining S&P 500 – US Primary “Super Tuesday” – Trump Supreme court win – Haiti collapses. World is stunned. […]
Market in Review 2/29/2024
MARKET REPORT Review: – Another record day of BTC ETF inflows – Bridgewater Dalio calls Mag 7 ‘a bit frothy’ – Cocoa sees biggest monthly gain in 22 years. – M/E Tensions rise on Israel/Gaza food stampede deaths – Core PCE prices +0.4% from Jan, sharpest rise in 1yr. Concerns slowing Disinflation. – Unemployment claims […]
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 […]
