Weekly Market Morning (July 7) Tesla Gains (27%), S&P 500 and Nasdaq Hit All-Time High
Last week’s market and economic data key points: Tesla gains 27% in 5 days S&P500 and Nasdaq hits all-time high Dollar dips, crude oil hits a 7-week high; gold gains 2.83% Unemployment ticks up U.S. Presidential election rises risk to bond market; falls -1.5% U.S. economy added 206K job in June Bitcoin hits lowest level […]
Weekly Market Morning (June 30) PCE Inflation Slows, Nike Plunge (20%) and Yen Sinks
Last week’s market and economic data key points: Core PCE inflation slows Yen hits decades lows Nike’s shares plunge in worst-ever drop (almost 20%) on revenue miss Amazon hits a $2 trillion valuation S&P 500 gain almost 15% this year Debate between President Joe Biden and former President Donald Trump Table of Contents Economic Reports […]
Sunday Setup (23 June) PMI Rise & Home Price Surge
Last week’s market and economic data key points: Initial unemployment claims remaining elevated Retail sales, housing starts, and building permits disappointed US equity indexes ended mixed Friday as a manufacturing index climbed to a 3-month high S&P 500 index rose 0.6% in the shortened week Crude finishes lower on Dollar strength Gold slides as yields […]
Sunday Setup (2024.06.16) When Gold Shines, Oil Glistens, and Crypto Gets Funky
This past week was marked by notable movements in various financial markets. Crude oil prices experienced a significant rise due to projected demand increases. Gold rebounded after a recent decline, driven by softer-than-expected inflation data. Meanwhile, the cryptocurrency market saw significant developments with Ethereum’s open interest soaring following ETF approvals. As we look ahead, key […]
Sunday Setup (2024.06.12) Inflation Data and Federal Reserve Decision Drive Market Sentiment
The financial markets experienced significant activity yesterday, with key movements driven by anticipation of today’s critical US inflation data and the Federal Reserve’s interest rate decision. Gold saw a modest recovery, oil prices continued to rise, US equities reached new highs, and the euro weakened due to increasing political instability in Europe. Meanwhile, the yen […]
Sunday Setup (2024.06.11) Fed Decisions, Market Reactions
In today’s report, we review the significant movements in the financial markets from the previous day and provide an outlook for today. Key events include the US 10-Year Treasury Note yield remaining steady, declines in gold and silver prices amidst economic uncertainties, a slight dip in WTI crude prices following a previous surge, and mixed […]
Sunday Setup (2024.06.07) Broad Asset Fluctuations!
On June 6, 2024, the financial markets saw mixed performances across various asset classes. The US stock market closed lower as the strong jobs report diminished expectations for immediate interest rate cuts by the Federal Reserve. Bond yields surged in response to the robust labor market data. The Australian dollar stabilized amid better-than-expected economic data, […]
Sunday Setup (2024.06.06) Gold Glitters, Oil Bounces, Euro Shines!
On June 5, 2024, financial markets exhibited a range of movements influenced by economic data and market expectations. WTI crude oil futures traded above $74.5 per barrel, rebounding after reaching a four-month low earlier in the week. Gold prices surpassed $2,360 per ounce as softer US job data increased the likelihood of Federal Reserve rate […]
Sunday Setup (2024.06.05) Gold, Bonds, and Beyond
Yesterday, the financial markets experienced significant fluctuations across various asset classes. Key economic indicators from the United States and Europe influenced market sentiment, resulting in notable movements in bond yields, precious metals, and equities. The US 10-year Treasury yield declined amidst expectations of rate cuts, while gold and silver prices faced pressure due to stabilizing […]
Sunday Setup (2024.05.31) Stocks Drop, Bitcoin Flops, and Gold Just Stops
On May 30, 2024, financial markets experienced various fluctuations. Gold moved aimlessly, stock indices were significantly negative, oil saw a substantial correction to around $77, and Bitcoin took a sharply bearish turn. Economic Events: The US core PCE price index, the Federal Reserve’s preferred inflation measure, rose by 2.8% year-on-year in March 2024, marking the […]