Investors following market patterns are bullish. Investors with access to inflation and earnings data are bearish. Overall market sentiment is bearish on renewed recession worries. Investors following market patterns are becoming more optimistic about the U.S. stock market’s recovery, raising expectations for E-mini Nasdaq 100 (NQ) in the second half of 2022. Stronger-than-expected corporate earnings Read More…
Tech stocks drove the decline in the markets this past week. Hedge funds increase their S&P 500 short bets. Investors await the annual conference of central bankers in Jackson Hole. The E-mini S&P 500 (ES) futures closed the week ended August 19 down 1.2% for the week at 4,228.48, interrupting a four-week winning streak and Read More…
BoC might raise rates by 50bps in September. Canada’s inflation is showing signs of peaking. Falling commodity prices are hurting Canada’s economy. The Canadian dollar remains under pressure amid a stronger greenback. This year, the BoC has already increased rates four times. To combat four decades of excessive inflation, it most recently raised the benchmark Read More…
The US dollar is gaining ground on hawkish comments from Fed officials. US treasury yields are on the rise, making gold less attractive. Some policymakers are open to a 75bps rate hike from the Fed. Gold prices fell to a three-week low on Friday. The yellow metal is on track to experience its first negative Read More…
US crude stocks fell by 7.1 mln barrels in the past week. Russia to boost oil output in the wake of strong Asian demand. The market anticipates Iran’s response regarding its Nuclear proposal After reaching a six-month low, crude oil prices increased on Wednesday by approximately 1.5% as concerns over rising Russian output and exports Read More…
Corporate America reports better-than-expected earnings, boosting stock prices. Markets are pricing a lower Federal Reserve target rate. Investors are neutral, pending the FOMC meeting minutes. Tuesday saw a slight decline in US stocks due to slightly downbeat Walmart and Home Depot reports. Meanwhile, investors are cautious due to signals of a weakening global economy. The Read More…
