Global markets Risk-on sentiment prevailed across global markets last week – so much so that even previously neglected sectors such as financials began to attract interest. Key drivers were upbeat comments from JP Morgan CEO Jamie Dimon, and the fact Trump failed to follow through on …

Global markets It was risk on again last week in global markets as seemingly encouraging COVID-19 vaccine trials got investors excited early on, before experts started to raise questions about the significance of the results. Either way, the share price of the company in question, Moderna, …

Global markets Last week I headlined my Bites report ‘Testing resistance’, given the focus on whether the S&P 500 could break through recent highs of 2,930 and march onward to 3,000. As it turned out, the market did test, but failed to break, this resistance, given …

Global markets Global equities continued to remain focused on re-opening hopes last week, disregarding apocalyptic economic data from most corners of the world outside of China. The fact Wall Street could rally in the face of 20 million job losses in April, and a surge in …

Global markets Despite a strong rebound in oil prices, last week was perhaps a reality check for global markets as the depth of the downturn in both economic growth and corporate earnings became ever more evident. U.S. Q1 GDP, consumer confidence and manufacturing conditions were all …

Global Markets Not much has been able to roil the US stockmarket of late, but last week’s negative print on the front month WTI oil futures contract finally did the trick. The S&P 500 dropped almost 5% over two days but then staged a feisty comeback …

Global Markets Despite continued shocking US economic data and corporate earnings results, hopes with regard to US curve flattening and potential re-opening of the US economy continued to drive a positive view on risk markets last week. Other positives were a leaked media report suggesting Gilead’s …

Global Markets The S&P 500 rebounded a lazy 12% last week as Wall Street again easily managed to look past weak economic data and focus instead on yet more Fed support programs and further progress on “curve flattening”. Markets remain hopeful that as US infection rates …

Global markets are still trying their best to “look through” the horrible economic data we’re now going through as a consequence of the COVID-19 lock downs. Last week, another 6 million were added to US jobless claims and 700,000 Americans lost their jobs in …

The key question folks: have we seen the low or was last week a bear market rally? Despite horrible US economic data and an acceleration in their COVID-19 cases, the US S&P 500 saw fit to stage it’s strongest three-day rally since 1931 …