US equities continue the steady grind higher into the weekend
The lesson of the year so far is that markets will do what people least expect. The strong consensus coming into the year was that rate and recession fears would keep stocks cheap before an H2 rally. Well, the market didn’t wait and now the S&P 500 is poised to close above some key levels, […]
US equities post another solid day, led by tech stocks
Nasdaq daily Closing changes in North American equities: S&P 500 +0.5% Nasdaq +1.3% Russell 2000 +0.8% Toronto TSX Comp +0.1% On the week: S&P 500 +2.7% Nasdaq +4.6% Russell 2000 +2.7% Toronto TSX Comp +1.1% The story of the week is the revival of the high flyers of 2021 with Tesla leading the way in […]
Intel disappoints as PCE meets consensus
Here is what you need to know on Friday, January 27: Intel (INTC) disappointed investors in a big way last night after the close and is slated to open down 10% this morning. That has knocked bulls who were getting excited after GDP data and Tesla (TSLA) earnings. Next up we got the Federal Reserve’s […]
Equities Stall but Bulls Stand Firm
Dax, Dow Jones, FTSE Outlook: Dow Jones outlook weighed down by Goldman Sachs earnings – DJI uncertain around 34,000. FTSE 100 trades flat as narrow range forms below the all-time high. Dax 40 futures remain optimistic despite technical headwinds Recommended by Tammy Da Costa DailyFX Analysts Discuss Their Q1 Equity Outlook Dax 40 Outlook: In […]
Traders return to busy earnings week
Here is what you need to know on Tuesday, January 17: Traders return today after a long weekend in the US, and initial signs are for a muted start to the week. Data overnight from China was positive, but we failed to see a positive push forward from commodities. Europe then added to the bullish sentiment […]
NASDAQ underperforms despite CPI boost
Here is what you need to know on Friday, January 13: The equity market finally rallied on Thursday after the CPI caused notable confusion. The number was bang in line with expectations and caused a complete lack of direction immediately after. Inflation is coming down, yes, but the market had priced quite a bit of […]
Impressive day for equities as a late bid arrives
<p>S&P 500 futures fell by as many as 40 points in the premarket but the bulls steadied the ship and have slowly turned it around. The index is now up 15 points to a session high of 4018.</p><p>There's a year-long downtrend in the index that could soon be threatened.</p> This article was written by Adam […]