Yesterday all the US equity indices rallied. The move higher was supported by a decrease in global banking worries. The S&P 500 added 1.4%, while the Dow Jones Industrial Average…Read More

The macroeconomic data released yesterday was mixed with the January Case-Shiller home price index declining and the March consumer-confidence survey indicating better than expected mood among the consuming public. At…Read More

The DJ continued to edge higher yesterday. The bullish move was supported by a deal in which First Citizens bank agreed to buy a stake in Silicon Valley Bank. Equities…Read More

Deutsche bank worried traders at the start of the session on Friday but this was quickly reversed and Dow, Dax and FTSE gained while gold and yen started to slip.…Read More

Markets sent mixed signals yesterday. Dow stocks seesawed back and forth in a rather directionless trading day while Nasdaq gained. The yield-sensitive technology stocks traded higher as investors believed the…Read More

The Fed hiked by 25 bp as we expected. The move was more dovish than the previous indications but still risky. Higher rates could push create more havoc in banks’…Read More

Tech stocks rallied strongly as the 11 biggest US banks provided First Republic Bank with deposits of $30 billion to stem the recent bank runs. Institutional buying started after the…Read More

The fears related to bank shares created volatility, not only in bank stocks but also in bonds and commodities as investors bought US T-bonds, gold, and the dollar. In Europe,…Read More

DJ and NAS rallied as bank stocks traded higher and T-Bonds lower. This was the first risk-on move after the bank stocks had fallen substantially over the last few days…Read More

Yesterday’s slower pace of decline in DJ and an up day in Nasdaq suggests that there’s some optimism coming into the market as investors hope that the threat of a…Read More