Market in Review 7/26/2024
MARKET REPORT (Unburdened by what has been) Glasgow Stock Exchange Day in Review: Today: DATA (Kamalanomics): – The Fed’s favorite inflation indicator – Core PCE – instead came in slightly hotter than expected, rising 2.6% YoY (vs +2.5% YoY exp). The headline PCE dipped to +2.5% – Durable goods deflation continues to drag Core PCE lower while […]
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 […]
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 2/21/2024
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 […]
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 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 […]
Market in review 1/18/2024
MARKET REPORT Review: – Philly Fed up, (albeit less than expected) – Bostic reiterated willingness to cut rates before July if data permits – Housing starts ease vs building permits rise – Jobless Claims down – US Senate stopgap funding bill to avert government shutdown secures enough votes to pass. – Apple strongest day in […]
Market in Review 12/18/2023
MARKET REPORT Review: – Oil prices surged intraday amid more headlines of attacks, and re-routings of tankers in the MidEast with WTI psuhing up near $75 before fading back – Daly notes rate cuts next year could be needed – Mester said markets are a bit ahead of the Fed on rate cuts – Goolsbee […]
