The new trading week finds stocks in reverse, with US index futures down 0.5%-1.1%, giving back Friday’s US market gains of 0.0%-1.0%. In overseas action, the Hang Seng fell 2.75%, the Dax is down 0.5% and the FTSE is flat.
SIA Wealth Management provided a year-end review and outlook for 2023, recorded from a live webinar on January 19, 2023 at 12:00pm MT/ 2:00pm ET Topics: • Volatility and Tactical Investing • Presidential Cycle and Seasonality • Inflation and Interest
Adding to yesterday afternoon’s equity market selloff which pushed US indices to losses of 0.4% to 0.8%, US index futures are down another 1.0% to 1.5% this morning, while over in Europe, the Dax is down 1.5% and the FTSE
Although yesterday morning’s explosive post-CPI rally fizzled out, US indices did manage to finish the day in the green with gains of 0.3%-1.0%. This morning, global markets are quiet as traders await today’s announcement from the Fed on US interest
Building on Monday’s relief rally in North America that saw the three main US indices plus the S&P/TSX jump 2.2%-2.4%, overseas markets have been soaring overnight. Asia Pacific trading saw Sydney soar 3.75% and Tokyo climb 3.0%. European trading finds
The stock market rebound which started on Wednesday has continued to accelerate overnight. In Asia Pacific trading, the Hang Seng soared 2.7%, while in Europe this morning, both the Dax and the FTSE are up 1.4%. US premarket trading finds
Yesterday’s US market rally, which saw major indices snap multi-day losing streaks with gains of 1.4% to 2.1%, which appears to have been a trading bounce, easing oversold conditions as there has been limited follow-through overnight and into this morning.
Today has the potential to bring a showdown between two long-standing market memes; “Don’t fight the tape”, and “Don’t fight The Fed”. Historically these have been complementary or even interchangeable. For the last month, however, they have been in opposition
Continuing on from the weak finish to last week, stock markets around the world are under pressure once again as the new trading week begins. Fears that the Fed could confirm its hawkishness at this week’s Jackson Hole Symposium has
US index futures are essentially flat today with all three main contracts trading between -0.1% and +0.1%. European indices are also soft today with the Dax down 0.4% and the FTSE falling 0.2%. Italy is down 0.9% today as investors