Category Archives: Today’s Analysis
Silicon Valley Bank Failure Triggers Worst Week for US Stock Market
Written on March 13, 2023 at 3:01 am, by anakin
The US stock market experienced its worst week since September. Silicon Valley Bank’s financial troubles sparked concerns about further distress in the banking industry amid the Federal Reserve’s most-aggressive tightening campaign in a generation. Despite reassurances from experts that a systemic financial crisis is unlikely, investors remained anxious, leading to widespread de-risking. The S&P 500Continue Reading
US Equity Market Drops Amid Banking Sector Rout and Economic Data
Written on March 10, 2023 at 2:01 am, by anakin
On Thursday, the US equity market took a turn for the worse as concerns grew over trouble in the banking sector and investors braced for Friday’s payrolls report. Weekly jobless claims, released on Thursday, surpassed expectations and marked the first time claims had risen above 200K since early January. Stronger-than-expected figures in Friday’s monthly jobsContinue Reading
US Equity Markets Volatile Despite Fed Reassurances, Jobs Data Awaited on Friday
Written on March 9, 2023 at 4:09 am, by anakin
On Wednesday, the US equity market experienced volatility despite the reassurance from Fed chief Jerome Powell that the central bank is not seeking to cause a recession and that no decision has been made on the size of a rate increase in March. Powell’s testimony to American lawmakers increased bets that the Federal Reserve willContinue Reading
Powell’s Hawkish Remarks Spark Wall Street Sell-Off and Recession Concerns
Written on March 8, 2023 at 2:42 am, by anakin
Jerome Powell’s hawkish rhetoric triggered a surge in Federal Reserve rate expectations, sparking concerns of a potential recession and causing a sell-off in the riskier segments of the market, resulting in Wall Street experiencing a reality check. During a Senate hearing, Powell suggested that the Fed may accelerate the pace of tightening and raise interestContinue Reading
US Stock Market Struggles Amid Economic Risks and Key Events
Written on March 7, 2023 at 2:58 am, by anakin
The US stock market struggled to make gains due to concerns that a recent surge in prices may be overblown, given ongoing economic risks. The fate of the 2023 stock market recovery hinges on four major events before the Federal Reserve’s March 22 meeting, which will determine if the market will rebound after its FebruaryContinue Reading
US Stocks Rebound, Bond Yields Up, Gold Surges on Weaker Dollar
Written on March 6, 2023 at 12:27 am, by anakin
US stocks managed to snap a three-week losing streak following Friday’s rally. Market sentiment remained upbeat despite a report showing resilience in the service sector, as more investors wagered the impact of the Fed’s hikes on the economy would be delayed. Bond yields rose for the week though Treasuries rallied on Friday, with the 10-yearContinue Reading
US stocks rebound as Fed hints at possible rate pause
Written on March 3, 2023 at 1:39 am, by anakin
US stocks rebounded on Thursday, ending a two-day losing streak, following Federal Reserve Bank of Atlanta President Raphael Bostic’s announcement that the central bank may pause rate hikes this summer. US Treasury bond yields had earlier risen to multi-month highs amid inflation fears, supporting the US dollar. However, other central bank officials have reiterated hawkishContinue Reading
US Stocks Slide on Persistent Inflation Concerns and Hawkish Fed Tone
Written on March 2, 2023 at 2:55 am, by anakin
US stocks declined lower on Wednesday, witnessing some selling pressure, and dropped for a second straight session after economic data highlighted persistent inflationary pressures and Federal Reserve officials continued to sound hawkish. Data released in the US showed ISM Manufacturing PMI increases to 47.7 in February, which came in below the market expectation of 48.Continue Reading
Rising Rates Push Stocks Down in February
Written on March 1, 2023 at 2:47 am, by anakin
The Dow fell Tuesday, wrapping up February with a monthly loss as surging rates battered stocks after a string of data pointing to underlying strength in the economy forced investors to price in higher for longer Federal Reserve interest rates. The Dow Jones Industrial Average fell 0.65%, or 214 points, taking losses for February toContinue Reading
Investors looking at another big week in retail earnings
Written on February 28, 2023 at 6:24 am, by anakin
Stocks rose Monday as traders tried to recover some ground following the worst week of the year on Wall Street. Investors also looked ahead to another big week in retail earnings. The Dow closed higher Monday, as dip buying in beaten-down growth stocks helped the broader market recover following its worst week of the year.Continue Reading
