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 2yr anniversary of war
– Warner Bros Discovery -10%
– Treasury Yields down (long end)
– Overall quiet & unremarkable session

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 pace since Q2 2021 (US ECI & ADP),
– Dollar bounce, Gold pares, Crude down, Equities down
– MSFT & GOOGL earnings underwhelm
– Soft German & French Inflation figures
– Hawkish BoJ SoO