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 highest in 3 months, points to some labour softening.
– Surprise Chicago PMI fall
– Soft Pending home sales
– Hawkish BoJ commentary
– Mixed EZ inflation figures
– Fed speakers stick to the script
– AI stocks soaring (SoundHoud, AMD, NVIDIA, Broadcom)
– Dollar, Gold, Equities up, Treasuries down
– BTC up but dumps in afternoon

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 12/19/20

MARKET REPORT

Review:
– Strong US Housing Starts
– Bostic reaffirms cautious view
– Barkin hesitant to give details on cuts
– Red Sea transit disruptions continue
– BoJ maintained policy settings & forward guidance
– Hotter-than-expected Canadian CPI
– Lufthansa orders up to 100 airplanes from BA
– Dollar down. AUD 67.60 +0.85% EUR 91.04 -0.55% GPB 12731+0.65% JPY 143.77 +0.7%
– Gold up $2053 +0.65%
– DOW up 0.6% 37910, ES up 0.5% 4817, ND up 0.5% 17020
– Crypto: BTC flat, ETH down 1.5%
– Crude +1.5% $73.60