US GDP came in higher than expected (2.9% vs. 2.6%). Even though the consumer spending component could have been stronger investors piled into stocks once again. Both DJ and Nasdaq…Weiterlesen

Equities dipped yesterday after the NY open but then recovered well. The drop lower was driven by gloomy forecasts and slow sales growth from MSFT and 3M. MSFT reported the…Weiterlesen

Yesterday was a bit whippy day for US stocks after manufacturing data came in almost line with expectations. Today the AUDUSD rally showed the bulls are still in keen to…Weiterlesen

Nasdaq priced higher as Fed slowdown loomsInvestors expect to see lower inflation The Fed is expected to downshift US equities rallied yesterday as expected. Tech stocks have been undervalued but…Weiterlesen

Fed to ease off a bit Stocks rallied on FridayT-Bond market sold off pushing yields higher and weakening gold Money flowed out of bonds and into stocks on Friday. The…Weiterlesen

Claims came in at the lowest level since April 2022Fed’s Williams wants more hikes to push inflation lowerEconomists: Only two hikes of 25 bp ahead Claims data showed yesterday that…Weiterlesen

Recession fears hit the marketsDow Jones Industrial Average dropped over 600 points Retail sales fell 1.1% in December Bad news is bad news once again. The US PPI came in…Weiterlesen

DJ drops as bank earnings and China GDP softens the bidsNasdaq supported by the T-Bond marketDax rallies as the ECB is turning less hawkish The bad GDP numbers from China…Weiterlesen

China’s GDP plummeted due to Covid restrictionsThe drop in economic growth was one of the worst in 50 yearsPrepare for risk aversion in today’s trading The Chinese GPD q/y was…Weiterlesen

Inflation expectations back to the summer 2021 level Fed expected ease so stocks rallyGold remains in uptrend above 1892 The Michigan survey on consumer inflation expectations showed the 12-month expectation…Weiterlesen