Category Archive: Finance, No picture
US Stock Market Winners And Losers Of 2023
Image Source: UnsplashIn 2023, the US stock market saw surprisingly strong returns, even as interest rates climbed higher. The S&P 500 rose over 24% amid exuberance around AI and big tech. Hopefully the last look back at 2023… More By This Author:It Ain’t NormalThis Is Just The Beginning Arms Race
The Commodities Feed: Energy Starts 2024 On A Softer Note
Image Source: UnsplashEnergy – Oil starts the year weakerThe oil market started the first trading day of 2024 on a softer note with ICE Brent settling almost 1.5% lower yesterday. Energy markets were unable to escape the broader pressure seen on risk assets with equity markets also weaker. The weakness in oil comes despite a ratcheting […]
$7.3 Billion Reasons Why Stocks Are Saved By The Bell
Image Source: PixabayStocks finished lower, with the S&P 500 down about 60 bps, led mostly by mega-cap tech and Apple (AAPL). Specifically, it was downgraded by Barclays today, noting sluggish iPhone sales in China. It is no surprise there for multiple reasons. Nike (NKE) reported horrible China results a few weeks back, and there have been rumors of […]
Tech Shares Wobble To Start The Year
Photo by Mohamed Nohassi on UnsplashMARKETSU.S. stocks slid on the first significant trading day of the new year, signalling a downbeat start to 2024 after a winning year that left the S&P 500 shy of a new record high. The recent rally in stocks stalled on Friday, following two months of gains that contributed to gangbuster performance in […]
S&P 500 Kicks Off 2024 With A Bearish Tone On Tuesday, Slips Back Towards $4,700
Image Source: Unsplash Tuesday drew the S&P’s rally to a sharp end as risk appetite reverses direction. Equities were largely dragged lower by poor showings in tech stocks. US data turns red once again, crimping investor confidence. The Standard & Poor’s (S&P) 500 major equity index closed Tuesday sharply lower after falling just short of making […]
5 Dividend ETFs That Beat S&P 500 In 2023
Image Source: PixabayWhile the stock market recorded an incredible rally in 2023, exceeding all expectations, there were valid reasons to approach the market bulls with caution. The worries over the continuation of the AI boom, global growth slowdown, and still-present inflationary pressure triggered concerns in some investors’ minds about market bubbles.There were concerns among analysts that […]
2024 Starts With Bitcoin Breakout, Crude Collapse, Mega-Cap Meltdown
Image Source: UnsplashWeaker-than-expected construction spending data and a dismal (final) Manufacturing PMI print for December suggested 2024 is not off to the ‘goldilocks’ start so many hoped for.However, despite the ‘weak’ data, Treasury yields were higher and the dollar stronger.Treasury yields were up across the board with the short-end underperforming (2Y +9bps, 30Y +5bps). Yields gapped higher […]
Rates Spark: Enough To Hold Rates Down
Image Source: PixabayThe US 10yr yield remains below 4%. However, that’s not been validated by the data as of yet. Friday’s payrolls report can be pivotal here, but based off consensus expectations the market will remain without validation from the labour market. Also, the Fed’s FOMC minutes due on Wednesday are unlikely to be as racy […]
2023’s Biggest Losers In The Russell 1,000
Image Source: UnsplashWhile broad swathes of the equity market rose in 2023, that is not to say there were no areas of weakness. Of course, there were some major spotlight stocks that investors would have completely lost their shirt on like Silicon Valley Bank had they been invested in the beginning of the year, but for […]
Rivian Stock Tanks On Decline In Deliveries: Buy The Dip?
Image Source: Pixabay Rivian Automotive Inc (Nasdaq: RIVN) ended more than 10% down on Tuesday after reporting a year-on-year decline in deliveries in the fourth quarter. Baird analyst shares his view on $RIVN The electric vehicles company delivered 13,972 vehicles in the final quarter of 2023 – down 10.2% versus a year ago.Still, Ben Kallo – a Baird […]
