Market in review 2/15/2024
MARKET REPORT Review: – Retail Sales drops. Exp -0.1% Actual -0.8% – Initial Jobless, Philly Fed and NYS Manuf stronger – Industrial Production weaker – UK GDP weaker Exp -0.1% Actual -0.3% – Japan & UK enter technical recessions – AAPL readies AI tool to rival MSFT’s Github copilot – Israel kills Hezbollah leader. Hez […]
Market Report 2/12/2024
MARKET REPORT Review: – Egypt threatening to void Israel peace agreement with the latter threatening to invade Rafah (likely a hollow threat as Egypt receives billions in US aid which would be jeopardized. Egypt fears a mass ‘Palestinian’ migrant crisis) – Indonesian, Finnish and South African Elections up for grabs – US stocks hit record […]
Market in Review 2/9/2024
MARKET REPORT Review: – US CPI revisions do little to change the narrative – Fed’s Bostic and Logan want more evidence on inflation – Netanyahu planning Rafah op to destroy Hamas – NYCB relief rally – Tech stocks continue surge, ES close above 5000 – Dollar flat, GC down small – Crypto continues surge – […]
Market in Review 2/8/2024
MARKET REPORT Review: – Fed’s Barkin “take our time” on rate cuts – Telsa resume Giga Berlin production – NYCB see-saw session – Senate advances Defence Aid Bill. 63B for Ukraine, 14b Israel, 5B Taiwan. – Weekly Jobless Inline – 30yr Mortgage rate back to 6.64% after touching 7% earlier this week. – Dovish BoJ […]
Market in Review 2/7/2024
MARKET REPORT Review: – NYCB cut to junk at Moody’s – Israel rejects Hamas demands for a ceasefire – Fed Kugler “ some point, the cooling of inflation and labour markets may make it appropriate to cut rates, but if disinflation progress stalls, it may be appropriate to hold policy rate steady for longer” – Fed […]
Market in Review 2/1/2024
MARKET REPORT Review: – US NFP TOM MORN. All eyes. (+AU PPI) – Strong ISM Manufacturing – Conflicting Gaza ceasefire reports – Rising initial jobless claims – BoE hold rates, as expected (three-way split) – Stocks up, Dollar down, crude down, crypto consolidates, Gold flat. DOLLAR: – AUD UNCH: 65.71 UNCH (65.10 – 65.75) […]
Market in Review 1/31/2024
MARKET REPORT Review: – Fed keeps rates unchanged (as Exp) – Powell signals MAR rate cut unlikely, inflation is decreasing, still too high, need more evidence – Rates likely to move down this year, unlikely Mar – Treasuries up past 4% after falling back on data showing hiring slower than expected, employment costs rose softest […]
Market in Review 25/1/2024
MARKET REPORT Review: – Crude up 3% ($77.25) on stronger US GDP (higher expected demand on economic growth) combined with decline in crude stocks – S&P notches 5th straight record day – Tesla down 12%, worst day since 2020 – US GDP +3.3% vs 2% Forecast (Hawish) – PCE (Q4) 2% in line (Dovish) – […]
Market in Review 1/24/2024
MARKET REPORT Review: – SP & Nasdaq close record highs – Broader Equities flat, Nasdaq up 0.5% – Nvidia +2.5% all to time highs, Microsoft, Meta all time highs, ASML up on quarterly results – Dollar touch weaker, rallied into the afternoon – Gold Hit 2036 before falling off cliff – Crypto flat after dump […]
Market in Review 1/19/2024
MARKET REPORT Review: – S&P 500 hits record high 4820 (Prev 4818 Jan 4th, 2022) – Shares of the so-called Magnificent Seven – Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla – surged between about 50% and 240% last year. Collectively, they account for about 28% of the S&P 500 and were responsible for […]
