S&P 500 did correct a little in price intraday, but it‘s the sectoral perspective that counts to me most in saying whether that‘s been enough for now, or not – I disccuss that at sufficient length in today‘s video. TSLA corrected to client-given low $320s, NVDA is breaking out, that tech outperformance and leadership lasts…
Here is what you need to know on Friday, January 17: Markets remain in a cautiously optimistic mood, digesting the stronger-than-expected Chinese growth and activity data, while staying nervous before US President-elect Donald Trump’s inaugaration and amid looming tariffs. China’s economy expanded by 5.4% in the fourth quarter of 2024, exceeding the market’s expectation of…
Here is what you need to know on Monday, November 11: Markets remain cautiously optimistic at the start of a new week, following a record-setting rally on Wall Street last week. Disappointment with China’s 10 trillion yuan ($1.4 trillion) fiscal stimulus package and soft inflation data raise concerns over economic prospects, sagging investors’ confidence. China’s…
US Dollar dealt bad hand as market considers higher initial Fed rate cut. Market prices in high odds of a 50 bps cut at Wednesday’s FOMC meeting. Fed Dot Plot unlikely to validate an aggressive rate path. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies,…