Market in Review 5/15/2024

MARKET REPORT Review: – Gold, Equities, Treasuries, Crypto, Crude UP. Dollar down. – US Super-Core CPI hotter than expected (but headline and core CPI in-line/small miss) – US Retail sales softer than expected – US Homebuilder sentiment slumped – US Empire Fed Manufacturing disappoints Fedspeak: – Mester echoes Powell (pre-data) – Schmid is prepared to […]

Market in Review 4/22/2024

MARKET REPORT Review: – Gold closes -3%, Silver -5.5% – CHI Fed National Activity index at 4-month high – FTSE closes record highs – Yen hits 34yr low – Cocoa -11% – Biden unveils $7B in rooftop Solar – PBoC leaves LPR rates unchanged – ECB Centeno suggests rate cuts could exceed 100bps this year […]

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 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 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) […]