Convenience Yield and Backwardation
Fundamental Analysis

Equities Soar Amid Gains in 3M and Goldman Sachs

Equities rallied on Monday, driven by gains in 3M and Goldman Sachs. Moreover, the focus was on upcoming inflation and jobs data, pivotal for insights into the Federal Reserve’s interest rate trajectory. All three leading stock indices saw increases.  Investors processed recent remarks from Fed Chair Jerome Powell, suggesting the need to raise interest rates Read More…

Stock price chart
Fundamental Analysis

Equities Dip as Worries Persist Over Prolonged Fed Rates

US equities closed slightly lower on Tuesday as investors remained worried that the Federal Reserve would hold higher interest rates for an extended period. Simultaneously, bank shares experienced a decline. The financial sector dropped by 0.9%, causing the biggest drag on the S&P 500.  Moreover, the S&P downgraded credit ratings for various regional US lenders, Read More…

European SWOT Market
Fundamental Analysis

Equities Tumble Amid Surprising Retail Sales Increase

US equities ended the day lower on Tuesday, experiencing a significant decrease in value. This drop came after retail sales data exceeded expectations, causing concerns about the possibility of higher interest rates lingering.  At the same time, major US banks faced declines due to a report indicating potential downgrades by Fitch for certain lenders. US Read More…

Fundamental Analysis

Equities Soar with Remarkable Surge of Chipmaker Nvidia

The equity indexes ended higher on Monday, driven by chipmaker Nvidia’s remarkable surge. This surge was sparked by Morgan Stanley’s positive note and a boost seen in other major growth stocks. Nvidia’s stock soared by 7.1%, marking its most significant one-day rise since May 25. This surge was comparable to the 24% increase in May, Read More…

Fundamental Analysis

US Equities Close with Broad Declines as Moody’s Downgrades Spark Concerns

On Tuesday, US equities ended the day in decline due to a widespread sell-off. The credit rating agency Moody’s downgraded several lenders, sparking renewed concerns about the well-being of US banks and the economy. After a five-month surge, which brought the S&P 500 and Nasdaq Composite close to their all-time highs, August has seen five Read More…

E-mini S&P 500 (ES) futures
Technical Analysis

Inverted Head & Shoulders send E-mini S&P 500 futures soaring

Technical analysis E-mini S&P 500 (ES) futures have been reacting in a bullish manner to a large inverted head and shoulders pattern, with bulls now targeting completion of the pattern with targets set at $4660.25. Price has tested the neckline multiple times and acted as a strong support which ES has finally springboarded off of. Read More…